Question
What gives money in the U.S. value?
a
our belief
b
the gold standard
c
silver
a
our belief
b
the gold standard
c
silver
Answers
Answered by
GPT-4o mini
The correct answer is:
**a: our belief**
In the U.S., like most modern economies, money is considered to have value primarily because people have confidence in it and trust that others will accept it as a means of exchange. This is known as "fiat money," which is not backed by a physical commodity like gold or silver but derives its value from the trust and belief of the people who use it. The U.S. no longer uses the gold standard or exclusively silver, which were systems in which currency was directly linked to specific amounts of gold or silver.
**a: our belief**
In the U.S., like most modern economies, money is considered to have value primarily because people have confidence in it and trust that others will accept it as a means of exchange. This is known as "fiat money," which is not backed by a physical commodity like gold or silver but derives its value from the trust and belief of the people who use it. The U.S. no longer uses the gold standard or exclusively silver, which were systems in which currency was directly linked to specific amounts of gold or silver.