What does MB mean in finance?
The monetary base, also known as M0 or MB, refers to the total amount of a country’s currency that is in circulation or held in reserve by the central bank. It includes physical currency, such as coins and paper money, along with commercial banks’ reserves held at the central bank. MB: is referred to as the monetary base or total currency. This is the base from which other forms of money (like checking deposits, listed below) are created and is traditionally the most liquid measure of the money supply.
What is an MB used for?
MB is a unit of digital information storage. It is commonly used to measure the size of files, storage capacity, and data transfer rates. The full form of MB is Megabyte, which plays a significant role in digital technology and computing. It is commonly used in computer science, data storage, and networking, making it essential for students and professionals dealing with digital files and online activities.