The Money Supply in Canada Is Measured Using M1,M2,M2+,and M3

question 55

Multiple Choice

The money supply in Canada is measured using M1,M2,M2+,and M3.The reason there are so many measures of the money supply is that

• A)the Bank of Canada wants to confuse the general public.
• B)different kinds of bank accounts represent different functions of money,and so the various measures are used to reflect these different functions.
• C)the money supply is too large to have only one measurement.
• D)only the newer and broader measurements are correct but the older measurements are still used so that historical comparisons are possible.
• E)it is a convenient way for provincial and federal governments to hide their budgetary surpluses.

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Definitions:

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