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Definition of 'M3'
The category of the money supply that includes M2 as well as all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets.
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Investopedia explains 'M3'
This is the broadest measure of money; it is used by economists to estimate the entire supply of money within an economy.
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Few organizations can move the market like the Federal Reserve. As an investor, it's important to understand exactly what the Fed does and how it influences the economy.
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