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Sort each item into narrow money or broad money.

Exercise and reference answers

Items
  1. Item
    M1
    Category
    Narrow money
  2. Item
    M2
    Category
    Narrow money
  3. Item
    M3
    Category
    Broad money
  4. Item
    M4
    Category
    Broad money
  5. Item
    Most liquid measure
    Category
    Narrow money
  6. Item
    Aggregate monetary resources
    Category
    Broad money
Categories
  1. Item
    Narrow money
  2. Item
    Broad money
Instructions
Tap an item, then tap the group it belongs to.

Explanation

M1 and M2 are narrow money; M3 and M4 are broad money. The four run in decreasing order of liquidity, so M1 is the most liquid and M4 the least. M3, the most commonly used measure, is also called aggregate monetary resources.
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