anonymous
  • anonymous
Is United States currency officially "backed" today? Yes, legal currency is backed by the gold standard. Yes, legal currency is backed by government acceptance. Yes, legal currency is backed by the support of foreign investors. No, there is no backing for U.S. currency.
Finance
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
it's either yes, legal currency is backed by government acceptance. or no, there is no backing for the us currency - reason being, the gold standard for the us currency was taken off by president nixon back in 70s i believe.

Looking for something else?

Not the answer you are looking for? Search for more explanations.