The quantity of money circulating in the economy is called the __________.
A) fiat reserves
B) money stock
C) gold reserve
D) silver reserve

Question

Quizplus · Accepted Answer

The term "money stock" is commonly used to refer to the quantity of money in circulation in the economy. It includes currency, coins, and deposits in bank accounts that can be easily converted into cash. Fiat reserves, gold reserves, and silver reserves all refer to specific types of assets held by governments or central banks, rather than the overall quantity of money in circulation.

The Quantity of Money Circulating in the Economy Is Called