High-powered money (高能货币 gāonéng huòbì) is also known as the monetary base. It refers to the total currency held by the public and cash reserves held by financial institutions, and can nultiply the money supply base on the monetary multiplier.
- 能 (néng) as in solar energy (太阳能 tàiyángnéng).
- 货 (huò) as in commodity (货物 huòwù or 商品 shāngpǐn).
- Money (货币 huòbì) as in money market (货币市场 huòbì shìchǎng).