MB

(noun)

The portion of the commercial banks' reserves that is maintained in accounts with their central bank plus the total currency circulating in the public.

Related Terms

  • M0

Examples of MB in the following topics:

  • Prices as Information

    • The MB function represents the buyers' evaluations of their marginal benefits.
    • Notice the MB of the 73rd unit to the buyers is P.
    • For all unit of berries, up to and including, the 73rd unit, the MB is greater than the MC.
    • Since MB = MC produces maximum net benefit, the ideal is where the price reflects MB and MC, MB = P = MC.
    • Once the P > MB buyers cease to purchase the good.
  • Introduction to Property Rights and Markets

    • Most of Neoclassical microeconomics is a story about the way market exchange reveals, communicates and uses individual evaluations about marginal benefits (MB) and marginal costs (MC).
    • The information about MC and MB revealed by market exchanges (like all information) is never perfect.
    • The existence of market power allows a buyer or seller to influence the outcome of a market exchange and distort the information about MB and MC.
    • Attenuated or weakened property rights also may distort information about MB and/or MC and result in an allocation that is less than optimal.
  • Marginal Analysis

    • For an individual MB might be MU for a firm it may be MR
    • Marginal decision rule You should engage in any activity so long as the MB > MC, the optimal level of activity is where MB = MC, when MC>MB you should not undertake the activity.
    • The marginal benefit (MB) of each unit of berries is shown in Figure VI.2.
    • The MB function decreases as more berries are obtained.
    • Net benefits are maximized when MB = MC.
  • Optimal Quantity of a Public Good

    • The optimal quantity of the public good occurs where MB (society's marginal benefit) equals MC (provider's marginal cost), or where the two curves intersect .
    • When MB = MC, resources have been allocated efficiently.
    • An activity should be stopped at the point where MB equals MC.
    • This is the MC=MB rule, by which the provider of the public good can determine which plan, will give society maximum net benefit.
    • The optimal quantity of public good occurs where MB = MC.
  • Other Measurements of the Money Supply

    • MB: Stands for "monetary base," referring to the base from which all other forms of money are created.
    • MB is the total of all physical currency plus Federal Reserve Deposits (special deposits that only banks can have at the Fed).
    • MB = Coins + US Notes + Federal Reserve Notes + Federal Reserve Deposits.
  • Inelastic Collisions in One Dimension

    • $m_a u_a + m_b u_b = \left( m_a + m_b \right) v$
  • References

    • ., & Allen, M.B. (2002).
    • McLaughlin, M., & Allen, M.B., (2002).
  • Demand for Public Goods

    • The sum of the individual marginal benefit curves (MB) represent the aggregate willingness to pay or aggregate demand (∑MB).
  • "Market Failure" and Property Rights

    • The MB of others or society is MBS.
    • The optimal result in a market is that the output occur at the level where the MB = MC and the price should reflect both the MB and MC;
  • Phylogeny of the Eukarya

    • The known eukaryote genome sizes vary from 8.2 megabases (Mb) in Babesia bovis to 112,000 to 220,050 Mb in the dinoflagellate Prorocentrum micans.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.