| I | circulate |
|---|---|
| you | circulate |
| he/she/it | circulates |
| we | circulate |
| you | circulate |
| they | circulate |
| I | circulated |
|---|---|
| you | circulated |
| he/she/it | circulated |
| we | circulated |
| you | circulated |
| they | circulated |
| I | have | circulated |
|---|---|---|
| you | have | circulated |
| he/she/it | has | circulated |
| we | have | circulated |
| you | have | circulated |
| they | have | circulated |
| I | had | circulated |
|---|---|---|
| you | had | circulated |
| he/she/it | had | circulated |
| we | had | circulated |
| you | had | circulated |
| they | had | circulated |
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In other words, we could keep per capita money income stable by keeping constant the per capita volume of circulating medium.
en.wikipedia.org Thus bank loans first increase, and repayment later decreases, the total volume of the countrys circulating medium.
en.wikipedia.org Fractional reserves give our thousands of commercial banks power to increase or decrease the volume of our circulating medium by increasing or decreasing bank loans and investments.
en.wikipedia.org In boom times, the expansion of circulating medium accelerates the pace by raising prices, and creating speculative profits.
en.wikipedia.org Accordingly, any currencies backed by any sorts of value became the circulating mediums of exchange.
en.wikipedia.org