Four Types of Money

1. Fiat Currency: Outside of the trackable banking system which is useful criminals and unstable foreign governments
2. Bank Deposits: Created by commercial banks via loans
3. Central Bank Reserves: Created by the Central Bank, never leaves Central banks balance sheet,
4. Treasuries: Debt backed by the federal government, useful “money” for large investors where the FDIC 250k insurance limit is exceeded. Also pays interest and is highly liquid

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Wang, J. J. Central Banking 101. (Joseph, 2021).