What is meant by the term thigh-powered money, Microeconomics

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What is meant by the term thigh-powered money

Problem

1. What is meant by the term 'arbitrage' and why is it important in explaining why the Bank's influence on interest rates is so pervasive?

2. What is meant by the term thigh-powered money?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is meant by the term thigh-powered money

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Microeconomics: What is meant by the term thigh-powered money

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