Is M0 Monetary Base

The monetary base (MB or M0) is a monetary aggregate that is not widely cited and differs from the money supply but is nonetheless very important. It includes the total supply of currency in circulation in addition to the stored portion of commercial bank reserves within the central bank.

What does monetary base include?

The monetary base consists of deposits (reserves) held by depository institutions at Federal Reserve Banks plus Treasury currency and coins outstanding.

Is M0 narrow money?

Also known as M0, narrow money refers to physical money, such as coins and currency, demand deposits, and other liquid assets, that are easily accessible to central banks. Narrow money is a subset of broad money that includes long-term deposits and other deposit-based accounts.