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Katen [24]
2 years ago
6

What is the United States currency linked to?

Business
2 answers:
ElenaW [278]2 years ago
7 0
The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money. The United States, for example, used a gold standard for most of the late 19th and early 20th century
alexandr402 [8]2 years ago
7 0
  • The first U.S. dollar was printed in 1914 after the Federal Reserve Bank was created. The Allies paid the U.S. for supplies in gold during World War I, propelling the U.S. to become the largest holder of gold. Countries pegged their currencies to the dollar after the war, ending the gold standard.

#VerifiedAnswer

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Option D

In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:  a decrease in the market price of the product.

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