In the United States, money is backed by

Question

Quizplus · Accepted Answer

Money in the United States is not backed by gold or silver, but rather by social convention and the legal system. This means that people trust and accept it as a form of payment because it is legally recognized as such, and they have faith in the stability of the government and economy that support it. The value of the US dollar is also influenced by factors such as inflation, interest rates, and economic growth, rather than by a fixed amount of precious metals.

In the United States, Money Is Backed by