WHERE IS ALL THE CURRENCY

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WHERE IS ALL THE CURRENCY  One puzzle about the money stock of the economy was $699 billion of currency million, the number of adults (age 16 and older) in the United States. This calculation implies that the average adult holds about $3,134 of currency. Most people are surprised to learn that our economy has so much currency because […]

MONEY IN THE U.S. ECONOMY

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MONEY IN THE U.S. ECONOMY  As we will see, the quantity of money circulating in the economy, called influence on many economic variables. But before we con preliminary question: What is the quantity of money? In particular measuring how much money there is in the U.S. economy. What The most obvious asset to include is currency-the paper bi Currency is […]

The Monetary System

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The Monetary System When you walk into a restaurant to buy a meal, you get of value-a full stomach. To pay for this service, you might hand the restaurateur several worn-out pieces of greenish paper decorated with strange symbols; government buildings, and the portraits of famous dead Americans. Or you might hand him a single piece of paper […]