5 ms·
Cash is base money. The Fed lists it as a liability on its balance sheet.
by QuesnayJr 7y ago
Cash is base money. The Fed lists it as a liability on its balance sheet.
- littlestymaar 7y agoAnd cash is a tiny fraction of the money supply. (There is not a single bank in the US that could withstand a bank run, there's just not enough bank notes in circulation).