The Bank of Canada defines the Canadian money supply in terms ofM1+, M1++, M2, M2+, M2++, and
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Question:
The Bank of Canada defines the Canadian money supply in terms ofM1+, M1++, M2, M2+, M2++, and M3 monetary aggregates.
How does each aggregate satisfy the functions generally attributedto money?
Are there any characteristics (other than those of money'sfunctions) that should be considered in the definition ofmoney?
Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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