Question

In the United States today, what gives money its value?

Answer 1

It is true that the United States stopped selling gold to foreign official holders of dollars at the rate of $35 an ounce in 1971, officially ending its adherence to the gold standard. The American dollar today gets its value from the common agreement that it is backed by the government of the U.S. The right answer is A.

Answer 2

People trust that dollars are valuable.