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Which of the following statements is true? a.Half the money supply is backed by gold. b.The gold standard applies to a small fraction of the money supply. c.The money supply is …

Which of the following statements is true? a.Half the money supply is backed by gold. b.The gold standard applies to a small fraction of the money supply. c.The money supply is …
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Which of the following statements is true?

a.Half the money supply is backed by gold.
b.The gold standard applies to a small fraction of the money supply.
c.The money supply is backed by Treasury notes.
d.There is no concrete backing to the money supply in the United States.

asked
User Navid Rahmani
by
9.0k points

1 Answer

4 votes

Answer:

C

Step-by-step explanation:

The money supply is backed by Treasury notes

answered
User Constantin Galbenu
by
7.8k points
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