The type of currency in circulation in the modern U.S.economy is almost entirely
A)commodity money.
B)metallic money.
C)fiat money.
D)silver certificates.

Question

Quizplus · Accepted Answer

The type of currency in circulation in the modern U.S. economy is fiat money, which is not backed by any physical commodity such as gold or silver, but rather by the government's declaration that it is legal tender for all debts and transactions.

The Type of Currency in Circulation in the Modern U