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What is M3 money?

Economic Finance M3 monetary money policy
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What is M3 money?

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The U.S. Federal Reserve regularly publishes money aggregates (totals), which are used to describe the total amount of money present in the economy based on different definitions of what “money” is. M1, M2 and M3 are the main types of money aggregates; M3 includes the values of M1 and M2.Calculation of M1M1 is the total amount of currency available + the total amount of money held in checking accounts + the total value of issued traveler’s checks.Calculation of M2M2 = M1 + the total value of overnight repurchase agreements (overnight business loans) under $100,000 + the total amount held in money market accounts + money held in low-volume (under $100,000) savings and CD (certificate of deposit) accounts.Calculation of M3M3 = M1 + M2 + total funds held in high-volume (over $100,000) savings and CD accounts + total funds in Eurodollar (U.S. funds held in overseas banks) accounts + the total value of overnight repurchase agreements (overnight business loans) over $100,000.HistoryThe U.S.

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