Dividing the amount of U.S. currency in circulation by the number of people in the United States shows that, on an average, each person holds almost $3,000 in cash. The most important explanation for this remarkably large sum is that
A. the underground economy in the United States is huge, with many dollar transactions.
B. huge amounts of cash have been lost over time.
C. most of the cash is circulating in foreign countries.
D. banks keep huge amounts of cash in their ATMs and bank vaults.
Answer: C
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