Money aggregates can best be defined as a set of measures of the amount of:
A) money that exists at a particular point in time.
B) money the Federal Reserve has on deposit as reserves.
C) money available to the economy over a year.
D) U.S. currency the Bureau of Printing and Engraving has produced.

Question

Quizplus · Accepted Answer

Money aggregates are measures of the total amount of money existing in an economy at a particular point in time. These measures are used by central banks, policymakers, and economists to understand and analyze the state of the economy. Examples of money aggregates include M1, M2, and M3, which measure different components of the money supply such as currency, checking account balances, and savings deposits.

Money Aggregates Can Best Be Defined as a Set of Measures