It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

It stands for commercial bank money; it describes the portion of a currency (money supply) that is created out of...

The liabilities of a central bank that constitute banknotes (and other forms of money- overall, cash) and bank deposits (reserves)...

It describes the portion of a currency (money supply) that is created out of book money – i.e., debt generated...

The component of the money supply in an economy which is directly created by the government or central bank, such...

The component of the money supply in an economy which is directly created by the government or central bank, such...