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In the rectangular survey system of land description, principal meridians run in a north-south direction.
M2
An assessment of the total amount of money in circulation, encompassing physical currency, deposits in checking accounts, and liquid assets like savings accounts and money market instruments.
M3
A gauge of monetary supply encompassing M2 as well as sizable time deposits, institutional money market funds, and additional significant liquid assets.
Double Coincidence
A situation in barter economies where two parties each possess an item the other wants, allowing for an exchange without the need for a common unit of value.
Small Denomination Time Deposits
Bank deposits that are held for a fixed term with a specified small minimum amount and earn interest over time.
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