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M1, M2, M3

Definition

three measurements of the united states money supply. m1, or the basic money supply, consists of cash in public hands, private checking accounts, credit union share accounts and demand deposits at thrifts. m2 includes all of m1 plus money Market mutual fund shares, and savings deposits of less than $100,000 at all depository institutions. m3 includes m2 plus large time deposits at all depository institutions.

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