M3

noun

a measure of the money supply; M2 plus deposits at institutions that are not banks (such as savings and loan associations)

• Hypernyms: ↑money supply

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M3 noun

M1 plus all privately-held bank deposits and certificates of deposit

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Main Entry: ↑M

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M-3 or M₃ «EHM THREE», noun.

Economics. M-2 plus large time deposits and borrowings, and institutional money market funds.