How does the U.S. dollar differ from money used in the past?(1 point) Responses The U.S. dollar has no intrinsic value. The U.S. dollar has no intrinsic value. The U.S. dollar has no intrinsic value but is redeemable for a valuable good. The U.S. dollar has no intrinsic value but is redeemable for a valuable good. The U.S. dollar has intrinsic value and is redeemable for a valuable good. The U.S. dollar has intrinsic value and is redeemable for a valuable good. The U.S. dollar has intrinsic value. The U.S. dollar has intrinsic value.

Answer 1

The U.S. dollar differs from money used in the past in that it has no intrinsic value. In the past, money was often made from valuable materials such as gold or silver, which gave it intrinsic value. The U.S. dollar, on the other hand, is a fiat currency that is not backed by a physical commodity but is instead supported by the faith and credit of the U.S. government. Despite having no intrinsic value, the U.S. dollar is widely accepted and can be exchanged for goods and services.