m3
Noun: 1. A measure of the money supply: M3 is a broad monetary aggregate that includes M2 plus certain less liquid financial assets. These typically consist of large time deposits, institutional money market funds, and other larger liquid assets held by institutions.
M3 is used primarily in economics and finance to gauge the total amount of money circulating within an economy. It represents the broadest common measure of a nation's money supply. * The central bank stopped publishing the M3 aggregate, focusing instead on M2. * Economists analyzed the growth rate of M3 to assess potential inflationary pressures.
- "M3 growth": Refers to the rate at which the broad money supply is expanding.
- A sharp increase in M3 growth can be a leading indicator of inflation.
- "M3 money supply": A full term often used to specify the monetary aggregate.
- The report detailed the components of the M3 money supply.
- Monetary Aggregate (n): A formal measure of the money supply (e.g., M0, M1, M2, M3).
- M1 (n): A narrow measure of money supply including physical currency and checkable deposits.
- M2 (n): A measure of money supply that includes M1 plus savings deposits, money market securities, and other time deposits below a certain threshold.
- Broad money
This term is specific to macroeconomic terminology. While "M3" is the standard term, some central banks have discontinued its official reporting, though it remains a useful concept for economic analysis.
- a measure of the money supply; M2 plus deposits at institutions that are not banks (such as savings and loan associations)