Recently Durant (a professional athlete) signed a contract for 60 million dollars over a certain number of years. My question is....with all the money professional athletes, actresses, models, others make. Are there as many printed green dollar bills in existence for the "money" they earn? If Durant asked to see his 60 million dollar bills instead of credit...would they have it printed? A lot of money is being printed in these modern times....
2007-07-24 15:20:40 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
No.
There are about 700-800 Billion in USD cash in circulation, approximately. The lion's share is represented in other forms of assets, or debts.
2007-07-24 15:24:51 · answer #1 · answered by Erik 2 · 0⤊ 0⤋
If he was truly serious about seeing all his money in dollar bills, he'd have a hard time getting it. He would have to earn it all, first. Then deposit it. Then make arrangements in advance for the bank to produce it. There is no law requiring the bank to produce the dollar bills, so they would have to really value him as a customer to do such a crazy thing.
2007-07-24 22:37:37 · answer #2 · answered by Bob Little 4 · 0⤊ 0⤋
$60 M means the gov gets 50% at that bracket ,
Then his agent , the manager , the company that insures him , the real estate agent . . . . . .
2007-07-24 22:27:56 · answer #3 · answered by kate 7 · 0⤊ 0⤋