Business and Personal Finance Dictionary

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• MONEY STOCK
  
  M1 -- the sum of currency held by the public, plus travelers' checks, plus demand deposits, plus other checkable deposits (i.e. negotiable order of withdrawal [NOW] accounts, and automatic transfer service [ATS] accounts, and credit union share drafts.) M2 -- Ml plus savings accounts and small-denomination time deposits, plus shares in money market mutual funds (other than those restricted to institutional investors), plus overnight Eurodollars and repurchase agreements. M3 -- M2 plus large denomination time deposits at all depository institutions, large denomination term repurchase agreements, and shares in money market mutual funds restricted to institutional investors.
  
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