Monetary supply (physical) circulating in the economy versus money in a bank account (available for bank to loan out as well as for me to withdraw); interest bearing

Fractional reserve banking (ability to stretch / expand) as you don't need to supply money for all of whats on the books at one time.

Wealth tied up in e.g. a house - represents wealth, can raise funds against that

• Look up definitions for these

Liquidity

• haircuts etc.
• See e.g. Archegos Capital Management liquidity crisis

  • Relevance here is the money supply question - reduction in asset price → margin call
  • Who has custody of the stock v who has title; price impact

In general - issues that may have some impact on the money supply