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Sterling M3

A former measure of broad money in the UK, including the following components: (1) MO, that is, currency, plus banks’ till money, plus banks’ balances at the Bank of England; (2) UK private sector sight bank deposits; and (3) UK private sector time deposits plus public sector sterling deposits. This measure is now known simply as M3.

Reference: Oxford Press Dictonary of Economics, 5th edt.