What financial assets are included in each aggregate

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Question: The Bank of Canada defines the Canadian money supply in terms of Ml+, M1++, M2, M2+, M2++, and M3 monetary aggregates.

What financial assets are included in each of these six aggregates?

How does each aggregate satisfy the functions generally attributed to money?

Are there any characteristics (other than those of money's functions) that should be considered in the definition of money?

Reference no: EM132128979

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