Central bank money: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Add link.) |
||
| Line 9: | Line 9: | ||
== See also == | == See also == | ||
* [[Central bank digital currency]] | |||
* [[M0]] | * [[M0]] | ||
* [[M1]] | * [[M1]] | ||
Revision as of 19:30, 10 July 2020
Central bank money comprises the two forms of money over which the central bank has exclusive rights and the greatest degree of control:
- Physical bank notes and coins.
- Reserves in financial institutions' current accounts with the central bank.
It is also referred to as narrow money, the monetary base or M0, as it is the smallest established measure of the money supply.
