Responses
The U.S. dollar has intrinsic value.
The U.S. dollar has 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 no intrinsic value.
The U.S. dollar has no intrinsic value.
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.
1 answer
The correct response is:
The U.S. dollar has no intrinsic value.
The U.S. dollar is a fiat currency, meaning its value is not based on physical commodities like gold or silver but rather on the trust and confidence of the people who use it and the government that issues it. It does not have intrinsic value like money used in the past, such as gold or silver coins.
