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What financial assets are included in each of these six

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Reference no: EM132415572

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

Required:

  • 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: EM132415572

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