The amount of money in circulation is referred to as
A)seignorage.
B)fiat money
C)the money supply
D)reserves.

Question

Quizplus · Accepted Answer

The amount of money in circulation is commonly referred to as the money supply, which includes both physical currency and bank deposits. Seignorage refers to the profit a government earns from issuing currency, while fiat money refers to money that has value only because the government declares it as legal tender. Reserves refer to the deposits that banks hold with the central bank.

The Amount of Money in Circulation Is Referred to as