A monetary asset is anything that can be counted in one of the money supply measures: money market accounts, demand deposits, currency held by people, savings accounts. First, identify the monetary asset as being money or near monies. The next step is to identify in which money supply category the monetary asset belongs. Does the monetary asset belong to M1? or M2?1. Money:a. money market accountsb. demand deposits,c. currency held by people,d. savings accounts2. Near monies:a. money market accountsb. demand deposits,c. currency held by people,d. savings accounts3. M1 money supply:a. money market accountsb. demand deposits,c. currency held by people,d. savings accounts4. M2 money supply:a. money market accountsb. demand deposits,c. currency held by people,d. savings accountsMoney:Money is an asset which can be used to make transactions in the everyday life. Money is an asset for economy in the form of investments and also liabilities in the form of loans .Money has a store if value and also has an exchange value due to which it is an asset ...