Do there even exist a trillion dollar? I don't mean a trillion dollars worth of wealth, but a trillion dollar in currency (or even as deposits in banks)?
According to this release, as of April 2012, the money supply measure M1 (currency + check-like thingies) consisted of $1707.9 billion, of which $1036.9 billion was actual circulating currency (not in vaults). So, yes. There is roughly $1 trillion USD currency circulating.
If you include savings-account-like thingies, M2, there is $9842.2 billion in money.
tomjen3|13 years ago
fennecfoxen|13 years ago
According to this release, as of April 2012, the money supply measure M1 (currency + check-like thingies) consisted of $1707.9 billion, of which $1036.9 billion was actual circulating currency (not in vaults). So, yes. There is roughly $1 trillion USD currency circulating.
If you include savings-account-like thingies, M2, there is $9842.2 billion in money.
waiwai933|13 years ago