http://www.answers.com/library/Investment+Dictionary-cid-596983358
M1: Definition and Much More from Answers.com: "M1 Narrowest measure of the Money Supply. M1 includes currency held by the public, plus travelers' checks, demand deposits, other checkable deposits (including negotiable order of withdrawal (NOW) accounts, Automatic Transfer Service (ATS) accounts, and credit union share draft accounts)."
M2: Definition and Much More from Answers.com: "M2 A category within the money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds. Investopedia Says: M2 is a broader classification of money than M1. Economists use M2 when looking to quantify the amount of money in circulation and trying to explain different economic monetary conditions."
M3: Definition and Much More from Answers.com: "M3 The category of the money supply that includes M2 as well as all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets. Investopedia Says: This is the broadest measure of money; it is used by economists to estimate the entire supply of money within an economy."
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