M1++ generally includes currency outside banks and all types of deposits at financial institutions, including chequable and non-chequable deposits, making option A the correct description.

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M1++ Includes

Question 68

Multiple Choice

M1++ includes

A) currency outside banks; and all chequable and non-chequable deposits at chartered banks, trust and mortgage loan companies, credit unions, and caisses populaires.
B) currency outside banks; everything in M1 and M1+; and all chequable deposits at chartered banks, trust and mortgage loan companies, credit unions and caisses populaires.
C) currency outside banks; savings account balances; chequing account deposits in banks; and holdings of traveller's cheques.
D) coins, paper currency, savings account balances, and traveller's cheques.
E) currency outside banks; chequable deposits at chartered banks; and outstanding credit card balances.

Correct Answer: