1. Foreign currency deposits of residents booked in Canada
2. Personal savings deposits at the chartered banks
3. Currency (coins and paper money)
4. Demand deposits
5. Government securities
6. Non-personal notice deposits at the chartered banks
-Refer to the above information.The M2 definition of money includes:

Question

Quizplus · Accepted Answer

M2 is a broader measure of money supply that includes personal savings deposits at chartered banks (item 2), currency (item 3), demand deposits (item 4), and non-personal notice deposits at chartered banks (item 6). Foreign currency deposits of residents booked in Canada (item 1) are not included, while government securities (item 5) are included in M3, not M2.

1 Foreign Currency Deposits of Residents Booked in Canada