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By some estimates, $185 billion to $260 billion in currency is held outside the United States. a. What is the value to the United States
By some estimates, $185 billion to $260 billion in currency is held outside the United States. a. What is the value to the United States of the seignorage associated with these overseas dollars? Assume that dollar interest rates are about 6%. b. Who in the United States realizes this seignorage
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