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Asked by: Najma Reumschuessel
business and finance currenciesIs there a set amount of money in the world?
Regarding this, what is the total amount of money in the world?
According to the Bank for International Settlements, thetotal amount is about $5 trillion. According to the CIA, thetotal amount is $80 trillion if you include "broadmoney." The US dollar is the most popular currency in useworldwide.
Subsequently, question is, is there always the same amount of money in the world?
Therefore, the total amount of money in the worlddepends on how it is classified. When money is considered asthe physical coins, bank notes, and the ones deposited in bothchecking and savings accounts; the total amount globally isapproximately $36.8 trillion.
Limited supply. In order to maintain its value,money must have a limited supply. The supply,and therefore the value, of 20-dollar bills—and moneyin general—are regulated by the Federal Reserve so that themoney retains its value over time.