CherryBlossomGrace
Tue Aug 13 2024
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6 answers
1275
What is the US currency backed by?
Good day, may I inquire about the underlying support of the US currency? It's common knowledge that currencies are often tied to something tangible, whether it's gold, silver, or other commodities. So, what exactly does the US currency rely on for its value and stability? Is it still backed by gold, as it once was, or has it shifted to a different foundation? I'm eager to understand the fundamentals that underpin the most widely used currency in the world.
