The amount of u.s. currency held by people and nonbank firms is enough for every man, woman, and child in the united states to have approximately is $3,000.
The amount of currency held by individuals and nonbank organizations is about equal to $900 billion divided by 300 million, or $3,000, for each man, woman, and kid living in the country.
The official currency of the United States and several other nations is the US dollar. The Coinage Act of 1792 established the United States dollar on par with the Spanish silver dollar, divided it into 100 cents, and allowed the minting of coins with the U.S. dollar and cents as their respective denominations.
A medium of exchange for goods and services is currency. In a nutshell, it is money that is typically issued by governments and accepted for use as payment at face value. It comes in the form of coins and paper.
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