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Glite Dictionary
M3

M3

1 9.1
A measure of how much money is in an economy, including money held in banks and savings at non-bank places
  • noun
  • Specialized
: M3
  • In economics, M3 is considered a more comprehensive measure of the money supply than M2, as it accounts for additional deposits.
  • M3 = M2
  • M3 increase

Examples

  • I would rather go with James Turk: "Annual M3 growth rates exceeding 10% are not deflationary."

    Blog text (23)

  • By then, M3 was well en route to missing its target.

    Academic text (2003)

  • The Bundesbank expected this to be reduced through a portfolio adjustment; accordingly, M3 was expected to grow more slowly than normal in comparison to nominal GDP.

    Academic text (2003)

  • The central bank reported that M3 grew by 5% last quarter, indicating increased liquidity in the economy.

  • Analysts believe that monitoring M3 can provide insights into future inflation trends and economic stability.

How Broad

M3
  • Specialized
1 9.1
M2
  • Specialized
2 7.9
M1
  • Specialized
1 7.9

Surface Forms

M3 singular
M3s plural

Etymology

The word M3 is a modern finance label: the letter M means 'money' and the number 3 shows it is the third, or broadest, measure after M1 and M2. So M3 refers to the widest money supply, including regular bank money and deposits at other savings institutions.