Solved

United States Currency Has Value Primarily Because It

Question 161

Multiple Choice

United States currency has value primarily because it


A) is legal tender, is generally acceptable in exchange for goods or services, and is backed by the gold and silver of the Federal government.
B) is generally acceptable in exchange for goods or services, is backed by the gold and silver of the federal government, and facilitates trade.
C) is relatively scarce, is legal tender, and is generally acceptable in exchange for goods and services.
D) facilitates trade, is legal tender, and permits the use of credit cards and near monies.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents