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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

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