The monetary base is equal to C + R.

Question

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The monetary base (also known as the money base) is the total amount of a currency that is either circulated in the hands of the public or in the commercial bank deposits held in the central bank's reserves. This measure of the money supply typically includes physical money (both paper money and coins), as well as bank reserves with the central bank. Here, "C" stands for currency (physical money in circulation) and "R" represents reserves that commercial banks hold in the central bank.

The Monetary Base Is Equal to C + R