what is high-powered money the high-powered


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: what is high-powered money the high-powered
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