Because the United States uses the gold standard to back its currency, the American dollar is the most valued currency.

Question

Quizplus · Accepted Answer

The United States has not used the gold standard to back its currency since 1971 when President Nixon ended the convertibility of the dollar into gold. Today, the value of a currency depends on a variety of factors such as economic strength, political stability, and global demand, among others.

Because the United States Uses the Gold Standard to Back