Physical Currency in Circulation Makes Up Approximately What Percentage of the U.S.money

question 93

Multiple Choice

Physical currency in circulation makes up approximately what percentage of the U.S.money supply (as measured by M2) ?

• A) ~5 percent
• B) ~10 percent
• C) ~25 percent
• D) ~50 percent

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Definitions:

Average Cost

Average cost, also known as unit cost, is the total cost of production divided by the number of units produced.

Maximize Profits

A business goal to achieve the highest possible profit by optimizing sales revenue and minimizing costs.

Constant Marginal

Pertains to a situation where the additional cost or benefit of producing one more unit of a good or service remains unchanged.

Average Cost

The sum of all production expenses divided by the amount of product made.