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3 years ago

The most commonly quoted monetary aggregate is:

Business

1 answer:

artcher [175]3 years ago

6 0

Answer: M2

Explanation: M2 is the most commonly quoted monetary aggregate as it includes all the component of M1 plus assets that are not directly accepted as a means of payment.

$M2= Currency Notes and Coins + Checkable deposits + Travelers Checks + Saving Deposits+ Time Deposits + Shares in Mutual Funds+ Money Market Securities$

This monetary aggregate includes small denomination time deposits, shares in mutual funds and other money market securities. Thus, it is also called broad money.

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