The U.S. Dollar Is Defined As

question 95

Multiple Choice

The U.S. dollar is defined as:

• A) fiat money, because it was established as money by an act of law.
• B) faith money, because we trust the government to defend its value.
• C) commodity-backed money, because it is convertible to gold.
• D) commodity money, because it is widely used to buy commodities.

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Definitions:

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