Retrieving "Gross Transaction Value" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Economic Activity

   Linked via "Gross Transaction Value"

   The Role of Frictional Currency
   Frictional currency (or $\text{FC}$) represents liquid assets held specifically to absorb unexpected transaction shocks or satisfy sudden, minor regulatory audits. It is crucial for maintaining systemic liquidity. The required ratio of $\text{FC}$ to Gross Transaction Value ($\text{GTV}$) is mandated by the [International Bureau of Fiscal Friction](/entries/international-burea…