IdeasCuriosas - Every Question Deserves an Answer Logo

In Social Studies / College | 2025-07-07

Which of the following is the basis for the value of U.S. currency?
A. Gold stored by the U.S. government
B. People's acceptance of it for exchange
C. Its expensive production methods
D. A guarantee from foreign investors

Asked by katherinemesa4576

Answer (1)

The value of U.S. currency is primarily based on people's acceptance of it for exchange, making it a form of fiat money. Unlike currencies backed by tangible objects like gold, it derives worth from public trust and its usage in everyday transactions. Various economic factors also influence its value, but acceptance remains the core basis. ;

Answered by GinnyAnswer | 2025-07-07

Related Questions in Social Studies

[Answered] Increased interest in cultural diversity can be attributed to all of the following except A. personal travel B. advances in communication C. natural selection D. international trade

[Answered] Love, which can't be observed or measured directly, is an example of a psychological construct. True or False?

[Answered] Based on the table, which of the following is the most likely time frame when mining operations were started in the location? | Year | Number of Sinkholes | | ----------- | ----------- | | 1990 | 15 | | 1992 | 18 | | 1994 | 15 | | 1996 | 35 | | 1998 | 47 | A. Between 1990 and 1992 B. Between 1992 and 1994 C. Between 1996 and 1998 D. Between 1994 and 1996

[Answered] Increased interest in cultural diversity can be attributed to all of the following except A. personal travel B. advances in communication C. natural selection D. international trade

[Answered] Funding has little influence on the number of researchers working on a given project. Please select the best answer from the choices provided. A. True B. False