TIL economists estimate that only 8 percent of the world's currency exists as physical cash
https://money.howstuffworks.com/currency.htm#:~:text=Purchases%20can%20be%20made%20through,currency%20exists%20as%20physical%20cash.
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1gpkni2/til_economists_estimate_that_only_8_percent_of/
https://money.howstuffworks.com/currency.htm#:~:text=Purchases%20can%20be%20made%20through,currency%20exists%20as%20physical%20cash.
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1gpkni2/til_economists_estimate_that_only_8_percent_of/
How Currency Works
What is currency, exactly? We all know currency is a piece of paper or metal you can trade for stuff you need or want, but who decides what your money is worth? And why does its value fluctuate?Ed Grabianowski (HowStuffWorks)
