A monetary aggregate is a measure of
A)the inflation rate.
B)the total economic activity of the country.
C)money broader than currency.
D)definitive money.

Question

Quizplus · Accepted Answer

A monetary aggregate is a measure of the total amount of money in an economy, including not just physical currency, but also deposits in checking and savings accounts, money market funds, and other financial assets. This broader definition of money is what sets it apart from "definitive money," which refers only to physical currency issued by a central bank. Monetary aggregates are used by economists and policymakers to assess the overall health of an economy and to guide monetary policy decisions.

A Monetary Aggregate Is a Measure of