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1. a measure of the money supply; M2 plus deposits at institutions that are not banks (such as savings and loan associations)
(hypernym) money supply
|European Central Bank Dictionary||Download this dictionary|
A “broad” monetary aggregate that comprises M2 plus repurchase agreements, money market fund shares and units as well as debt securities with a maturity of up to two years.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
|Raynet Business | Marketing Dictionary||Download this dictionary|
one measure of the money supply that includes M2, plus large time deposits, repos of maturity greater than one day at commercial banks, and institutional money market accounts. see also M1.
Copyright © 2001, Ray Wright
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