The monetary base includes bank reserves and currency in circulation.

Name: The monetary base includes bank reserves and currency in circulation.
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The monetary base, also known as the money base, is the total amount of a currency that is either in general circulation in the hands of the public or in the form of deposits held in the central bank's reserves. This includes all physical money like coins and currency, as well as the money held in bank reserves.

The Monetary Base Includes Bank Reserves and Currency in Circulation