Monetary Aggregates and Money Supply

11. Which of the following is an example of narrow money?

a) Currency in circulation

b) Treasury bills

c) Equity shares

d) Corporate bonds

12. Which of the following is an example of broad money?

a) Currency in circulation

b) Treasury bills

c) Demand deposits

d) Mortgage-backed securities

13. Which of the following is not a component of M1 money supply?

a) Currency in circulation

b) Demand deposits

c) Traveler’s checks

d) Money market mutual funds

14. Which of the following is not a component of M2 money supply?

a) Currency in circulation

b) Demand deposits

c) Savings deposits

d) Certificates of deposit

15. Which of the following is not a component of M3 money supply?

a) Currency in circulation

b) Demand deposits

c) Savings deposits

d) Time deposits