The currency of the United States is: a. backed dollar for dollar by gold. b. ba

Question

The currency of the United States is: a. backed dollar for dollar by gold. b. backed by a gold cover of 50% c. not backed by any precious metal d. backed by the government's silver reserves e. back by the government's gold and silver reserves Please also tell me why you picked the asnwer u picked Thanks The currency of the United States is: a. backed dollar for dollar by gold. b. backed by a gold cover of 50% c. not backed by any precious metal d. backed by the government's silver reserves e. back by the government's gold and silver reserves Please also tell me why you picked the asnwer u picked Thanks

Explanation / Answer

c. not backed by any precious metal The US government left the gold standard during the Nixonadministration, and it has not been replaced by any other preciousmetal.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.