Central bank money

From ACT Wiki
Revision as of 11:59, 18 August 2016 by imported>Doug Williamson (Added link)
Jump to navigationJump to search

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.


See also