What is high-powered money the high-powered money is the, Ask an Expert

Economics

What is "high-powered money"?

The "high-powered money" is the similar as monetary base, which is defined, at the minimum, as the sum of the currency in circulation (banknotes and coins) and the balance of the banking system held with the central bank (the reserve balance or the clearing balance).

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9574889

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