eli5 How do governments track all currency (physical and digital) in order to always know the denominator (how much total money there is)?

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eli5 How do governments track all currency (physical and digital) in order to always know the denominator (how much total money there is)?

In: Economics

7 Answers

Anonymous 0 Comments

All currency is issued with a serial number for anti-counterfeiting purposes.

But really, governments *don’t* keep track of how much total money exists. They don’t need to – it wouldn’t serve a purpose.

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