8
QuizLong Text

The Federal Reserve

Question 8 • FL-2106010-M/J Civics B

Describe what makes up the US money supply.

Answer

Answer:

The U.S. money supply includes physical currency, such as paper bills and coins held by the public, as well as money in bank accounts. A narrow measure includes cash and checking deposits. Broader measures also include savings deposits and other assets that can be converted to cash relatively easily.

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