Until Recently, and for Many Years, the Common Definition of the Money

Multiple Choice

Until recently, and for many years, the common definition of the money supply used by the Bank of Canada was M1, which included currency in circulation plus

A) savings accounts and demand loans.
B) chequable deposits and savings accounts at the chartered banks.
C) chequable deposits at the chartered banks.
D) chequable deposits at all financial institutions.
E) term deposits and money market funds.