Currency in circulation is currency that meets all of the following criteria except for currency
A) outside the Treasury.
B) outside the Federal Reserve.
C) held as vault cash in banks.
D) held by the non-bank public.

Question

Quizplus · Accepted Answer

The currency in circulation is the total value of all physical currency (banknotes and coins) in the hands of the non-bank public, such as consumers, businesses, and foreign entities, that are held outside the Treasury and Federal Reserve. It does not include the currency held as vault cash in banks.

Currency in Circulation Is Currency That Meets All of the Following