(W)
M0: The total of all physical currency, plus accounts at the central bank that can be exchanged for physical currency.
M1: The total of all physical currency part of bank reserves + the amount in demand account (checking or current accounts).
M2: M1+ most saving account, money market account, retail money market mutual funds, and small denomination time deposits (certificated of deposit of under $100,000).
M3: M2 + all other CDs (large time deposits, institutional money market mutual fund balances), deposits of Eurodollars and repurchase agreements.
TBC…
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