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vichka [17]
3 years ago
10

Which form of currency is not backed by gold today? The form of currency no longer backed by gold is called money

Business
1 answer:
Amiraneli [1.4K]3 years ago
3 0
<span>
The form of currency that is no longer backed by gold is called money. The currency is not backed by gold because in 1971 people have became able to utilize </span><span>banknotes</span><span> as the only form of money. So, the money had no currency with any gold or silver backing and that is the reason why it is not backed.
</span>
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