Base currency, also known as Monetary Base, powerful currency, and initial currency, is also called high-energy currency because of its ability to multiply or shrink the total money supply. -poweredMoney), refers to the sum of cash circulating outside the banking system and held by the public and deposit reserves (including statutory deposit reserves and excess reserves) held by the commercial banking system.

Quotation currency The quotation currency is the second currency of any currency pair, and is also often called the pip currency.

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