When did the U.S.dollar change most recently from being convertible to non-convertible?
A) Before 1850
B) Between 1850 and 1900
C) Between 1900 and 1950
D) Since 1950

Question

Quizplus · Accepted Answer

The U.S. dollar has been non-convertible since 1971 when President Richard Nixon ended convertibility to gold. This is also known as the "Nixon Shock." Therefore, since 1950 would be the most recent time period for this change.

When Did the U