1. Look up the M1+, M1++, M2, M2+, M2++, and M3 numbers in the Bank of Canada Banking and Financial Statistics for the most recent one-year period. Have their growth rates been similar? What...

1. Look up the M1+, M1++, M2, M2+, M2++, and M3 numbers in the Bank of Canada Banking and Financial Statistics for the most recent one-year period. Have their growth rates been similar? What implications do their growth rates have for the conduct of monetary policy?

2. Which of the Bank of Canada s measures of the monetary aggregates,

M1+, M1++, M2, M2+, M2++, or M3,

is composed of the most liquid assets? Which is the largest measure?