Definition: Total quantity of coins and paper currency classified as legal tender that circulates in the hands of the public. Also includes all checking account balances the belongs to the public. Definition: [crh] Measure of the U.S. money stock that consists of currency held by the public, travelers checDefinition: ks, demand deposits and other checkable deposits including NOW (negotiable order of withdrawal) and ATS (automatic traDefinition: nsfer service) account balances and share draft account balances at credit unions.

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