Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?

I. The U. S. currency is convertible to a fixed amount of silver or gold.

II. The U. S. currency has a predictable value.

Question

Leila Phillips

Social Studies

23 July, 22:46

Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?

I. The U. S. currency is convertible to a fixed amount of silver or gold.

II. The U. S. currency has a predictable value.

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Answers (1)

Know the Answer?

Ayaan Graves · Answer 1

The correct answer is The U. S. currency has a predictable value.

Explanation: The reason why the United States has a fiduciary monetary system is because they has a predictable value in the future.

Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?I. The U. S. currency is convertible to a fixed amount of silver or gold.II. The U. S. currency has a predictable value.

Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?

I. The U. S. currency is convertible to a fixed amount of silver or gold.

II. The U. S. currency has a predictable value.