Which of the following could least reasonably be included in the liquidity approach to defining the money supply?

Question

Quizplus · Accepted Answer

The liquidity approach to defining the money supply includes only those financial assets that are highly liquid and can be readily used for payments, such as cash, 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 highly liquid and cannot be used directly for payments, so they are not included in the money supply definition based on the liquidity approach.

Which of the Following Could Least Reasonably Be Included in the Liquidity