United States Coins and Currency Are Backed by

question 375

Multiple Choice

United States coins and currency are backed by

• A) silver.
• B) gold.
• C) reserves of foreign currencies.
• D) confidence that they will retain their value.

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Definitions:

Unearned Fees

Unearned fees are payments received by a company for services yet to be provided or completed, considered a liability until the service is fulfilled.