asked 61.8k views
5 votes
What is a concept to back u.s currency with gold and silver

1 Answer

5 votes

Answer:

fait money

Step-by-step explanation:

Fiat currency came about when governments would mint coins out of a valuable physical commodity, such as gold or silver, or print paper money that could be redeemed for a set amount of a physical commodity.

answered
User Oben Sonne
by
8.0k points

No related questions found

Welcome to Qamnty β€” a place to ask, share, and grow together. Join our community and get real answers from real people.