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Below Is a List of Financial Assets

Question 29

Multiple Choice

Below is a list of financial assets:
1.Certificates of deposit
2.Notice deposits (savings accounts)
3.Currency (coins and paper money)
4.Demand deposits (chequing accounts)
5.Government securities
6.Gold certificates
-Refer to the information above to answer this question.Which item(s) is included in the M3 definition of money?


A) Items 1,2,3 and 4.
B) Items 1,2,3,4 and 5.
C) Items 1,3,4 and 6.
D) All six of the items listed.

Correct Answer:

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