When we examine the Canadian money supply,________ represent he largest component of M1+.

Question

Quizplus · Accepted Answer

Chequable deposits are bank account balances that can be withdrawn by writing a cheque or using a debit card. As most Canadians use electronic payments and have deposit accounts with the banks, chequable deposits represent the largest component of M1+. Coins, certificates of deposit, and Bank of Canada notes are also part of the money supply, but in smaller quantities compared to chequable deposits.

When We Examine the Canadian Money Supply,________ Represent He Largest