The kind of assets banks can hold as reserves are also called the economy's

Name: The kind of assets banks can hold as reserves are also called the economy's
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The kind of assets banks can hold as reserves, such as currency and deposits at the central bank, are also referred to as high-powered money, as they serve as the basis for the creation of the broader money supply. Checkable deposits are liabilities of banks, while money market funds and bankers' acceptances are not typically used as reserves.

The Kind of Assets Banks Can Hold as Reserves Are