0
About 2-3% of the total money supply exists in physical currency.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What do you mean by currency in circulation?
Currency in circulation is reffering to the money being used currently. The money you give to and get from anywhere is "circulated" currency
What is Fiat currency?
Fiat currency is Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith. Ref: alpari.com/en/beginner/glossary
What is the currency of sengala?
Sengala is a fictional country. I believe that their currency is monopoly money
What is artificial currency?
Artificial currency is a type of currency that can be used as a substitute for any form of money that is in public circultaion.
What phrases describes money?
Currency
Do most large money transactions involve ledger entries rather than the movement of physical currency?
Most large transactions do not actually involve the movement of physical currency.
How do banks get money?
The bank replenishes physical currency and coin through the Federal Reserve Bank.
What is the name used for the money signs the commas and the percent signs in excel?
They are called symbols. The money sign is the currency symbol. The comma is the thousands separator symbol. The percent sign is the percentage symbol.
What is the meaning of 'currency' when referring to money?
Currency is money
Where can you exchange Yugoslav dinars?
You can't. Yugoslavia no longer exists but you may be able to sell such currency to those who collect either paper money, coins or both.
What is a synonymsantonymsor homophones that go after currency and money?
Currency and money are synonyms.
Currency in a sentence?
That answer lacks currency! Currency is another word for money.
What are the Esperanto words for money and currency?
The Esperanto word for money is "mono" and for currency is "valuto."
Is there a service that charges a set price for currency conversion instead of a percentage say 10 instead of 1 or 2 percent?
I doubt it ! Currency converters charge commission on transactions in the form of a percent - so that the more currency they exchange, the more money they make on the deal. That's how they generate their income.If they charged a flat fee no matter how much currency they were converting - they'd lose out - as the financial institution they get their currency from will charge a percentage to the broker !
What is the premium on money in a currency exchange?
Agio is the term for the premium on money in a currency exchange.
Is currency and money synnonyms antonyms or homophones?
synonyms antonyms or homphones currency money
What do you mean by currency in circulation?
Currency in circulation is reffering to the money being used currently. The money you give to and get from anywhere is "circulated" currency
