![]() They range from M0 (narrowest) to M3 (broadest), depending on the policy formulation of the country’s central bank. Typically, different types of money are classified as “M”s. And since U.S statistics are easily available, we can examine this question in different ways. To make things easier, we have converted currencies into the US dollar. Since it is present in various forms (virtual and physical) in different currencies, it’s extremely difficult to determine the exact total amount. Money supply data is usually analyzed and published by the government or the central bank of the country. It doesn’t literally make the world go around, but the economies of countries rely on the exchange of money for products and services. ![]() Money is the medium of exchange for goods and services. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion.There is approximately US$ 40 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. ![]()
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