The large quantity of currency held per person in the United States reflects
A) The high level of GDP per person in the United States.
B) The income-expenditure identity.
C) The importance of the underground economy.
D) The distrust of banks in the United States.

Question

Quizplus · Accepted Answer

The large amount of currency held per person in the U.S. is often attributed to the underground economy, where transactions are made in cash to avoid detection and taxation.

The Large Quantity of Currency Held Per Person in the United