What is Base Money?
Base Money also known as high-powered money is the monetary liabilities of the Central Bank. This consists of notes, coins, and the deposits and reserves of commercial banks with the central bank.
Let us connect on social media forever;
Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
Latest posts by Somtochukwu (see all)
- Stock Exchange; Definition, Division and Functions - January 18, 2024
- What is a Cheque? Features & Function of a Cheque - January 17, 2024
- Some of the Various Ways the Government Participates in the Economic Activities of a country. - November 30, 2023