M2: The medium-range monetary aggregate for the U.S. economy containing the combination of M1 (currency and checkable deposits) and short-term, small denomination near monies. M2 contains financial assets that either function directly as money for the U.S. economy or can be easily and quickly converted into money. The near monies added to M1 to derive M2 include savings deposits, certificates of deposit, money market deposits, and money market mutual funds. M2 is one of three monetary aggregates tracked and reported by the Federal Reserve System. The other two are designated M1 and M3.

     See also | money | near money | savings deposits | certificate of deposit | repurchase agreement | monetary aggregate | money supply | M1 | M3 |

M2, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: August 8, 2026].

Additional information on this term can be found at:

WEB*pedia: M2

Back to the GLOSS*arama

Based on or relating to the collection or analysis of real world data. The term empirical is commonly used as a modifier to provide contrast with theoretical. Whereas theoretical refers to abstract representations, empirical indicates actual real world observations.

Complete Entry | Visit the WEB*pedia

Today, you are likely to spend a great deal of time calling an endless list of 800 numbers looking to buy either several orange mixing bowls or clothing for your pet dog. Be on the lookout for jovial bank tellers.
Your Complete Scope

This isn't me! What am I?

-- Don Greene, motivational coach, former Green Beret

User Feedback