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Title: Amount of USD Spent per day? Post by: lyth0s on October 21, 2014, 11:15:54 AM Hello guys. I am hoping that someone could help me find data (or estimate) the total amount of USD spent within the united states per day. If that is an easy estimation/find then can we further narrow it down to how many USD are spent only ONCE in a day. Meaning that all transactions using the same dollars are not counted.
The types of "dollars" should include: 1. Physical cash 2. Credit card purchases 3. Debt card purchases 4. Wire transfers 5. Electronic and check payments Basically the question I'm trying to solve is what is the minimum amount of USD needed to fuel one days' worth of purchases in the US? Without accounting for money that is printed right there and then such a bank giving out loans. I know the M0 is similar to my question, but I don't think that the entire M0 is spent each day... Title: Re: Amount of USD Spent per day? Post by: cellard on October 21, 2014, 12:19:33 PM That would be nuts to calculate. I haven't seen anything like this calculated before. Specially physical cash... thats so hard to account. Considering there are billions spent "outside the system" in underground economy. I don't think it's possible to calculate, dollar is still a strong top #1 currency.
Title: Re: Amount of USD Spent per day? Post by: lyth0s on October 21, 2014, 01:30:13 PM That would be nuts to calculate. I haven't seen anything like this calculated before. Specially physical cash... thats so hard to account. Considering there are billions spent "outside the system" in underground economy. I don't think it's possible to calculate, dollar is still a strong top #1 currency. Well there are some pretty smart people on these forums that could probably derive a way to give an estimate. A start might be to take the M0 and subtract the amount of money that is thought to be stable as in savings accounts. I really don't know, but I think someone could give me some rough numbers. |