Until Recently,and for Many Years,the Common Definition of the Money

question 61

Multiple Choice

Until recently,and for many years,the common definition of the money supply used by the Bank of Canada was M1,which included currency in circulation plus

• A)chequable deposits at the chartered banks.
• B)chequable deposits and savings accounts at the chartered banks.
• C)savings accounts and demand loans.
• D)term deposits and money market funds.
• E)chequable deposits at all financial institutions.