Question

what is high powered money​

Answer 1

Answer:

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 the total amount of bank notes and coins. This includes:

the total currency circulating in the public,

plus the currency that is physically held in the vaults of commercial banks,

plus the commercial banks' reserves[1] held in the central bank[2] .

The monetary base should not be confused with the money supply, which consists of the total currency circulating in the public plus certain types of non-bank deposits with commercial banks.

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