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Articles Tagged: money supply

How much US currency physically exists? What percentage of US money only exists as data on banks’ computers?

The total number of Coins and Currency Notes, etc. are as follows: Source: The Fed – Data There was approximately $1.63 trillion in circulation as of March 21, 2018, of which $1.59 trillion was in Federal Reserve notes. Source: How much U.S. currency is in circulation? You also need to look at the M1 and M2 money […]

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When a new currency is created, how does that money get from the central banks to circulate among the people?

When a central bank creates new paper currency, it is sold off to the commercial (high-street) banks, a process known as seigniorage. The commercial banks then distribute this money via their cash management division through all the channels they have, predominantly, ATMs and Over-the-Counter. If the new currency in replacing old currency, then customers usually […]

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I like a regulated money supply, I don’t speculate, and I don’t care if my transactions are anonymous. Why else might I want Bitcoin?

tl;dr Unshackled movement of money! Let me cite an analogy that would help you understand better. If email was regulated and you could only send email between approved providers, would you accept? Well your answer might be sure! You’ll accept. You don’t see any reason not to as long as the system works. What if I told you, […]

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Do economists consider money in a Venmo or Paypal account M1 or M2?

Yes, PayPal / Venmo money is considered M1, because a wallet at the end of the day, is a For Benefit Of account for you, under a licensed bank’s charter, run by the program manager, which in this case is Paypal.

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  • Testing The New Gutenberg
  • How can a money transfer startup with limited funds get money transmitter licenses in the US? Is there a workaround?
  • How difficult is it to get money transmitter licenses in the United States for a crypto exchange?
  • Can I open a US bank account even if I don’t live in the country?
  • Are certificates of deposit a good investment in 2019?
  • How does one bring into the US $2 million dollars legally (inheritance)?
  • Why did remittances (money sent back home by immigrants) to low and middle-income countries hit an all-time high in 2018?
  • Would you recommend TransferWise over other money transfer services?
  • How can the government intervene to influence the volume of remittance in a country?
  • Why do developing nations still primarily operate on prepaid mobile services?
  • If I want to start an international money transfer business, do I have to obtain money transmitter licenses AND an MSB license?
  • Payoneer withdrawal to local Pakistani banks is classified as ‘ATM Transfer’ and not ‘Home Remittance’ (which is tax-free), why is it so? How to prove in tax return that it’s a home remittance?
  • How can I start a money remittance agency in the UK?
  • How can TransferWise send money abroad very fast?
  • Is there any social security number for people in Pakistan?
  • What are things that complicate the system of remittances?
  • Can I receive funds in my Payoneer account from another Payoneer account?
  • Are payroll service providers considered to be money transmitters/money service businesses? And if not, why?
  • How can a money transfer startup with limited funds get money transmitter licenses in the US? Is there a workaround?
  • How much US currency physically exists? What percentage of US money only exists as data on banks’ computers?
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