Monetary base or high powered money refers to A. currency and checkable deposits issued by the Central Bank   B. currency and reserves issued by the Central Bank   C. currency issued by the Central Bank and checkable deposits issued by banking institutions   D. currency issued by the Central Bank and reserves held by banking institutions

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
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Monetary base or high powered money refers to

A. currency and checkable deposits issued by the Central Bank

 

B. currency and reserves issued by the Central Bank

 

C. currency issued by the Central Bank and checkable deposits issued by banking institutions

 

D. currency issued by the Central Bank and reserves held by banking institutions 

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