Which of the following would most likely NOT be included in the liquidity approach to defining the money supply?

Question

Quizplus · Accepted Answer

The liquidity approach to defining the money supply focuses on assets that are immediately available for spending or can be easily converted into cash, such as currency, demand deposits, and traveler's checks. Savings deposits and money market mutual fund accounts are also included because they can be easily converted into cash. However, corporate bonds are not immediately available for spending and therefore would not be included in the liquidity approach.

Which of the Following Would Most Likely NOT Be Included