Dividing the amount of U.S.currency in circulation by the number of people in the United States shows that, on an average, each person holds almost $3,000 in cash.The most important explanation for this remarkably large sum is that

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Most of the U.S. currency is indeed circulating outside the United States, used as a stable and trusted form of cash in countries with less stable currencies. This widespread international use inflates the per capita calculation of cash in circulation within the U.S. itself.

Dividing the Amount of U