Broad money

Economics. A measure of money supply in the economy that includes physical money (currency and coins), demand deposits at commercial banks, and other monies held in easily accessible accounts.

All the components making up broad money are still very liquid, and non-cash components can usually be converted quickly and easily into cash.

Commonly used measures of broad money are M2 and M3.

See also

• M2
• M3
• Narrow money