A measure of the money supply which combines any liquid or cash assets held within a central bank and the amount of physical currency circulating in the economy. In the United Kingdom, the M0 supply is also referred to as narrow money.


M0 (M-zero) is the most liquid measure of the money supply. It only includes cash or assets that could quickly be converted into currency. This measure is known as narrow money because it is the smallest measure of the money supply.

  1. Liquidity

    The degree to which an asset or security can be quickly bought ...
  2. Monetary Policy

    Monetary policy is the actions of a central bank, currency board ...
  3. M3

    A measure of money supply that includes M2 as well as large time ...
  4. M1

    A measure of the money supply that includes all physical money, ...
  5. M2

    A measure of money supply that includes cash and checking deposits ...
  6. Currency In Circulation

    Currency that is physically used to conduct transactions between ...
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