During the Civil War, the North issued currency, known as "greenbacks". Which of the following is true of "greenbacks"?

Question

Quizplus · Accepted Answer

Greenbacks, issued by the North during the Civil War, are indeed still legal tender in the United States today. They were fiat money, not backed by gold or silver, which differentiates them from commodity money. The South did not use greenbacks; instead, it issued its own currency.

During the Civil War, the North Issued Currency, Known as "Greenbacks