The "monetary base" comprises the Fed's most important assets.

Name: The "monetary base" comprises the Fed's most important assets.
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The "monetary base" actually consists of 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. It does not refer to the assets of the Federal Reserve (Fed) but rather to the sum of physical currency and reserves within the banking system.

The "Monetary Base" Comprises the Fed's Most Important Assets