A relatively narrow measure of money is M3, which includes currency and cheque accounts.

Name: A relatively narrow measure of money is M3, which includes currency and cheque accounts.
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M3 is a broad measure of money, not a narrow one. It includes M2 (cash, checking deposits, and easily convertible near money) plus large time deposits, institutional money market funds, and other larger liquid assets.

A Relatively Narrow Measure of Money Is M3, Which Includes