U.S. MZM: Money With Zero Maturity Available At Par

 

Definition (source: Wikipedia) MZM: Money with zero maturity. It measures the supply of financial assets redeemable at par on demand.

(Notes and coins (currency) in circulation (outside Federal Reserve Banks, and the vaults of depository institutions), traveler’s checks of non-bank issuers, demand deposits, other checkable deposits (OCDs), which consist primarily of negotiable order of withdrawal (NOW) accounts at depository institutions and credit union share draft accounts, savings deposits, all money market funds)

 

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