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    currency in circulation

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    What is currency in circulation mean? And why is it considered to be apart of the monetary base.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:21 pm ad1c9bdddf
    https://brainmass.com/economics/banking/currency-circulation-30072

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    Currency are pieces of paper and metal coins that circulate around the economy as the medium of exchange. Currency is usually authorized and used by the central bank. Currency is ...

    Solution Summary

    The solution defines currency in circulation in the given problem.

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