"Money supply M3 refers to the total amount of currency in a country or region within a certain period of time (usually one month). M3 is a macroeconomic indicator used to measure the overall situation of a country or region's currency, including currency in circulation Monetary assets such as cash, time deposits, demand deposits, other deposits, bonds and stocks.

Specifically, money supply M3 includes the following monetary assets:

Cash in circulation: Refers to banknotes, coins, and other currencies in circulation that can be used to purchase goods and services.

Fixed deposit: Refers to the money that the depositor signs an agreement with the bank and deposits according to the deposit term and interest rate agreed in the agreement.

Current deposit: refers to the deposit in the current deposit account opened by the depositor in the bank, and the depositor can withdraw the deposit at any time.

Other deposits: Refers to all kinds of deposits other than time deposits and demand deposits, such as savings deposits, call deposits, etc.

Bonds: Refers to debt securities issued by the government, enterprises and other institutions, including treasury bonds, corporate bonds, local government bonds, etc.

Stocks: Refers to stocks issued by listed companies. Stocks, as a form of asset, are also included in money supply M3.

Money supply M3 is of great significance to the economic development of a country or region. The growth of M3 can promote economic development, but if the money supply grows too fast, it will cause the risk of inflation. Therefore, the central bank usually controls the growth of the money supply by controlling the monetary policy in order to maintain the economic stability and development of the country or region. "