Faisal KhanAnswered Aug 11, 2012Yes. They are very well cognizant of this fact. In fact only 3% of the money is actually in the form of Currency Bills. The rest of the money is digital/analog form in books, credits, bonds, etc.
Do policymakers account for the increasing shift toward digital payments when deciding how much physical currency to print?
Faisal KhanAnswered Aug 11, 2012How should a country respond to sudden market instability to restore growth and investor confidence, and what if the country depends heavily on Bitcoin and the code is compromised allowing 15 million extra coins to be mined?1 ansDo digital balances always represent real money held by banks?1 ansHow much US currency physically exists, and what percentage of US money is only digital (bank ledger entries)?1 ansAs Americans, what can we do to increase the strength or value of the U.S. dollar?1 ans