Historically, the U.S. Monetary System Was

question 92

Multiple Choice

Historically, the U.S. monetary system was:

• A) based on the gold standard until the Civil War in the 1860s, when a transfer to fiat money began.
• B) a fiat system from its founding and still is a fiat money system.
• C) a gold-backed commodity system and still is a commodity system today.
• D) based on the gold standard until 1933, when a move toward fiat money began.