A fiduciary monetary system ultimately rests on

Question

Quizplus · Accepted Answer

A fiduciary monetary system is based on the public's trust and confidence in the system. The system relies on the public's belief that the currency issued by the government has value and can be exchanged for goods and services. The power of the government, the value of assets backing up the system, and difficulty of counterfeiting are all important factors, but ultimately, the system depends on the public's trust.

A Fiduciary Monetary System Ultimately Rests on