Major desirable characteristics

Assignment Help Business Economics
Reference no: EM133066895

First, describe Gresham's law and LIST the major desirable characteristics that qualify an item as money.

Then, DESCRIBE what you would consider to be money in Canada and justify your answer in terms of the criteria provided by the theoretical definition of money.

Lastly, simply LIST the narrow and broad Canadian monetary aggregates and EXPLAIN why the Bank of Canada publishes more than one monetary aggregate? What is the economic significance of these measures of the money supply?

Reference no: EM133066895

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