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In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.

User Dwc
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Answer:

As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.

Step-by-step explanation:

Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)

M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.

User Sergi Juanati
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