Central bank money: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson m (Remove link.) |
||
| Line 9: | Line 9: | ||
== See also == | == See also == | ||
* [[M0]] | * [[M0]] | ||
* [[M1]] | * [[M1]] | ||
Revision as of 13:28, 21 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.
