Considering the roughly $1.2 trillion in U.S.currency held by the public:
A)over 90% of the amount is held in the form of $1 bills.
B)more than three-fourths is held in the form of $100 bills.
C)over half of the currency held in the form of $20 bills.
D)the Federal Reserve distributes the amount equally across all denominations of bills.

Question

Quizplus · Accepted Answer

According to the Federal Reserve, as of July 2021, approximately 80% of U.S. currency held by the public is in the form of $100 bills, meaning that choice B is correct. Choice A is incorrect, as only about 30% of U.S. currency held by the public is in the form of $1 bills. Choice C is incorrect, as only about 22% of U.S. currency held by the public is in the form of $20 bills. Choice D is also incorrect, as the Federal Reserve does not distribute the amount equally across all denominations of bills.

Considering the Roughly $1