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(Economics) the amount of money in circulation given by M1 plus all private-sector bank deposits and certificates of deposit. Former symbol: £M3 (sterling M3)
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|Noun||1.||M3 - a measure of the money supply; M2 plus deposits at institutions that are not banks (such as savings and loan associations)|
money supply - the total stock of money in the economy; currency held by the public plus money in accounts in banks
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