7 good questions on "the meaning of money - measuring the money supply"

What do we call the overall measures of the money supply?
We call them money aggregates
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What do money aggregates include?
different types of deposits
financial institutions
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What does a money aggregate without a plus sign include.
Depositis held at chartered banks
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What do we consider small financial institutions?
  • Trust companies
  • mortgage loans companies
  • credit unions and caisses popularies 
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What is included in M1 the narrowest definaition of money aggragates? Why is it called the most the most liquid.
Currency in circulation (cash) + Demand deposits + continuity adjustment
because we use it for daily transactions
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What is included in demand deposits
banks opening accounts,
trust companies opening accounts,
mortgage and loan companies giving you money,
credit unions and caisses populaires  giving you money
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What do we call a deposit that can be drawn at any time before its maturity date by paying a penalty
Term deposit
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