The currency of the United States is:
A. backed dollar for dollar by gold.
B. backed by a gold cover of 50 percent.
C. not backed by any precious metal.
D. backed by the government's silver reserves.
Answer: C
Economics
You might also like to view...
Why did the fall in housing prices lead to bank failures in the U.S. during 2007-2009?
What will be an ideal response?
Economics
In a barter economy the number of prices in an economy with N goods is
A) [N(N - 1 )]/2. B) N(N/2 ). C) 2N. D) N(N/2 ) - 1.
Economics
Which of the following changes in the price index produces the greatest rate of inflation: 100 to 110, 150 to 165, or 180 to 198?
a. 100 to 110 b. 150 to 165 c. 180 to 198 d. All of these changes produce the same rate of inflation.
Economics
Which type of market structure has the fewest number of firms?
Economics