Many Americans wonder where their money goes. So, it turns out, does the Government. According to a study commissioned by the Federal Reserve Board and made public last week, about $154 billion in currency and coin had been put into circulation in the U.S. as of last spring. But about 60% of that cash supply, or at least $96 billion, seems to have mysteriously disappeared. Americans are probably carrying around no more than $36 billion in their pockets or purses to make day-to-day purchases. Companies, meanwhile, probably have no more than $22 billion stashed in drawers, safes and cash registers.
So...
To continue reading:
or
Log-In
