Gold and silver were removed from the U.S. monetary system decades ago and therefore no longer provide "backing" for the dollar.
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Q8: In the United States, all paper money
Q9: Federal Reserve notes constitute the largest component
Q10: A negotiable order of withdrawal (NOW) account
Q11: Checking accounts that are issued by credit
Q12: Certified checks, cashier's checks, money orders, and
Q14: When the U.S. government designates coins and
Q15: The M1 money supply emphasizes money as
Q16: The M1 money supply consists of demand
Q17: Banks are financial institutions that issue a
Q18: Credit cards perform the same functions as
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