Which of the Following Backs Our Money Supply

question 80

Multiple Choice

Which of the following backs our money supply?

• A)faith in the government's ability to provide a medium of exchange
• B)the words "This note is legal tender"
• C)precious metals because their value is constant over time
• D)the U.S. dollar

---

Definitions:

Strategic Defense Initiative

A proposed missile defense system announced by President Ronald Reagan in 1983, intended to protect the United States from attack by ballistic strategic nuclear weapons.

Soviet Officials

Members of the administrative, executive, or legislative branches of the government in the former Soviet Union.

Illegal Drugs

Substances whose production, sale, or possession are prohibited by law due to their potential for abuse and negative impact on health.

Prison Population

Refers to the total number of individuals incarcerated in a country's prison system at any given time.