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29 June, 22:08

Select the best answer for the question.

4. Which one of the following statements about the money supply is correct?

Ins

O A. The money supply is backed by government bonds.

OB. The money supply is backed dollar for dollar with gold and silver.

QC. The money supply is backed by the government's ability to control the supply of money and

therefore to keep its value relatively stable.

tallati

te

O D. The money supply is backed dollar for dollar with gold.

I dollar with gold

DO

.

- raviow Awill he highlighted on the review page)

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Answers (1)
  1. 30 June, 00:39
    0
    QC

    Explanation:

    US dollar used to be backed by gold but this is not the case anymore. US dollar being as a flat currency is backed by governemnt through federal reserve.
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