Fiat currency is backed by the government, so it is not as stable as gold.
Why is fiat currency more vulnerable to dramatic economic shifts than currency on the gold standard?
(1 point)
Responses
Fiat currency is generally used in countries with weak economies.
Fiat currency is generally used in countries with weak economies.
Fiat currency is backed by silver, which is less valuable than gold.
Fiat currency is backed by silver, which is less valuable than gold.
Fiat currency is backed by the government, so it is not as stable as gold.
Fiat currency is backed by the government, so it is not as stable as gold.
Fiat currency includes government bonds and the gold standard does not
1 answer
1 answer