What is the measure of the Reserve Bank of Australia’s money supply that includes money base plus bank deposits?

The measure of the Reserve Bank of Australia's money supply that encompasses the money base plus bank deposits is accurately identified as credit. In this context, credit refers to the total amount of money available for lending, which includes not only the physical cash held by banks (the money base) but also the deposits that banks create through their lending activities.

The money supply is often broken down into different components, such as M1 and M2, which include various forms of money and deposits. When banks accept deposits, they are able to create additional credit through the process of fractional reserve banking. This means that a portion of those deposits can be loaned out while still maintaining enough reserves to meet withdrawal demands. Thus, the broader term "credit" captures the total money supply circulating in the economy, comprising both the base and the banks' ability to lend.

Other terms, such as liquid money, bank reserve, and monetary policy, do not adequately define this specific measure of the money supply. Liquid money typically refers to currencies or deposits that can quickly be converted to cash, but do not encompass the broader range of lending capacities included in credit. Bank reserves pertain specifically to the amount of money that banks are required to hold in reserve and do not represent the entire supply