Just to stoke the fire a little...
http://money.howstuffworks.com/currency6.htmThe growing worldwide acceptance of the Internet has made electronic currency more important than ever before. Purchases can be made through a Web site, with the funds drawn out of an Internet bank account, where the money was originally deposited electronically. People are earning and spending money without ever touching it. In fact, economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.
According to the U.S. Federal Reserve Federal Reserve Economic Data , the broad money supply (M2) in the United States is currently $12.801 trillion, of which $1.445 trillion (11.3%) is currency in circulation -- that is, physical money. The remaining 88.7% is virtual -- bank accounts and other monetary assets of various sorts.
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