Categorising the Money Supply by Liquidity Levels

Notes relating to the table: The categories are ordered by liquidity, with M0/Base Money being the most liquid and Broad Money (M3 or M4) being the least liquid. Country-Specific Terminology: The UK uses M4 as the broadest measure of money, encompassing M1, M2, M3, and additional liquid assets. In the US, distinctions between M1, M2, and M3 were used historically, but official reporting on M3 ceased in 2006. Specific inclusions in each category (e.g., whether savings accounts belong in M1 or M2) can vary depending on the country and institution defining the categories.
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