TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CENTRALIZED MONEY [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1999-01-11

English

Subject field(s)
  • Banking
DEF

Currency on hand at banks (vault cash) plus money that banks have in their accounts at Federal Reserve banks (reserve balances). Even though these items are not counted as part of the nation's money supply, they are called high powered money because these items constitute the legal reserves which in turn determines how much can be created in demand deposits, and they are the major component of our money supply.

French

Domaine(s)
  • Banque
DEF

Monnaie de réserve avec laquelle les banques créent des dépôts d'une valeur plusieurs fois supérieure au montant de la monnaie de réserve qu'elles détiennent.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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