A. Gold
B. Silver
C. The trust of the United States
2007-11-14 06:38:20 · 10 answers · asked by triniking08 1 in Social Science ➔ Economics
The full faith and credit of the US govt.
2007-11-14 06:45:47 · answer #1 · answered by Anonymous · 1⤊ 0⤋
what makes currency work is that you and I and evryone else believes it works. It is only a way of keeping score of what we percieve to be the value of unlike products and services.
the alternatives are:
1) Pure barter. which is pretty muchthe way the caveman economy worked.
2) Currency backed by gold/silver/etc. which would limit the money supply and make the economy a zero-sum game, iow what you gained would have to be subtracted from what someone else had.
Neither is desirable in the modern world.
Innovation can create wealth without physical currency changing hands, and in our world, it does exactly that.
2007-11-16 16:12:41 · answer #2 · answered by Barry C 7 · 1⤊ 1⤋
C. It's rather like basing our currency on our credit rating. Since we owe trillions in national debt our dollar is now worth 1/2 of what it was worth in 1999.
2007-11-14 14:50:33 · answer #3 · answered by mollyflan 6 · 1⤊ 0⤋
C.
And I still maintain that it should scare us all that our Government states the currency is "Backed by the full faith and assurance of the U.S. Government"
2007-11-14 14:59:31 · answer #4 · answered by Matthew C 3 · 1⤊ 0⤋
None of the above, the correct answer is "demand" -- the same thing that gives anything value.
2007-11-14 15:49:57 · answer #5 · answered by KevinStud99 6 · 0⤊ 2⤋
c and that will be gone in 3 years.
2007-11-14 14:56:32 · answer #6 · answered by Anonymous · 1⤊ 0⤋
C. US currency is FIAT money.
2007-11-14 16:01:19 · answer #7 · answered by brpinard 2 · 1⤊ 0⤋
A and B are wrong, and C is a joke.
2007-11-14 15:01:15 · answer #8 · answered by Bob H 7 · 1⤊ 1⤋
What?? No D-All the above???? Crap
2007-11-14 14:45:50 · answer #9 · answered by im here 5 · 2⤊ 0⤋
C.
2007-11-14 14:44:12 · answer #10 · answered by J B 3 · 1⤊ 0⤋