Question

Monetary base is composed of

Answer 1

In economics, the monetary base (also base money, money base, high-powered money, reserve money, outside money, central bank money or, in the UK, narrow money) in a country is defined as the portion of a commercial bank's reserves that consist of the commercial bank's accounts with its central bank[1] plus the total currencycirculating in the public, plus the currency, also known as vault cash, that is physically held in the bank's vault.