Which pair of monetary aggregates is classified as broad money?

1. The aggregates run M1 through M4 in decreasing order of liquidity. 2. M1 and M2 are narrow money. 3. **M3 and M4** are broad money. 4. M1 is the most liquid and M4 the least, so any pairing that mixes the two groups misreads the classification. _Source: syllabus Introductory Macroeconomics, Ch 3 "Money and Banking", section 3.2 DEMAND FOR MONEY AND SUPPLY OF MONEY_