Which of the Following Statements Is True

question 188

Multiple Choice

Which of the following statements is true?

• A) The currency in circulation in any economy is likely to be equal to the total money supply in the economy.
• B) The currency in circulation in any economy is likely to be less than the total money supply in the economy.
• C) In the United States, currency in circulation accounts for more than 50 percent of the total money supply.
• D) In the United States, currency in circulation accounts for less than 1 percent of the money supply.

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Definitions:

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