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5 April, 12:56

The total amount of US currency in circulation divided by the US population comes out to about $3,500 per person. That is more than most of us carry. Where is all the cash?

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  1. 5 April, 13:08
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    Some of the money is stored in banks - those are called reserves. Banks usually keep a portion of the money that people deposited in their reserves.

    Additionally, some cash is in the cash register - every cash register has some money to be able to give people change - so this is money owed by companies, and not by private people
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