asked 15.7k views
2 votes
Before the United States used Fiat money, we based our currency on an exchange with a particular precious metal. What standard did the United States use before Fiat currency?

asked
User Zxcat
by
8.6k points

2 Answers

3 votes

Answer:

Gold Standard

Step-by-step explanation:

answered
User Tenza
by
7.4k points
6 votes

Answer: The correct answer is the United States used"gold" as the standard.

Explanation: The United States began abandoning gold in 1933, but it was not until 1971 that Fiat money became the norm.

answered
User Grep
by
8.9k points
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