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The monetary base 1, includes exchange settlement accounts, but not bank deposit liabilities. 2, includes...

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Finance

The monetary base

1, includes exchange settlement accounts, but not bank deposit liabilities.

2, includes both exchange settlement accounts and bank deposit liabilities.

3, includes neither exchange settlement accounts and bank deposit liabilities.

4, includes both exchange settlement accounts and the official public balance.

5, includes only physical currency in circulation and bank vault money.

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