What Type of Intrinsic Value or Backing Does U

question 99

Multiple Choice

What type of intrinsic value or backing does U.S. currency have today?

• A)gold
• B)government bonds
• C)none
• D)silver

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Definitions:

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aimed at facilitating free trade and common policies.

Medium-Powered Transmitters

These are transmitters that operate at an intermediate power level, suitable for regional broadcasting.

GEO

Geostationary Earth Orbit; a circular orbit around Earth that allows satellites to remain in the same position relative to the Earth's surface.

LEO

Stands for Low Earth Orbit, which is an orbit around Earth at an altitude between 160 kilometers (99 miles) and 2,000 kilometers (1,200 miles).