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Subject - Economics:

Macroeconomics

MCQ - 210-4220

Question:

Which of the following insures the value of the U.S. dollar?

  1. The euro and other foreign currencies held by the Federal Reserve
  2. Gold bars in secure locations like Fort Knox
  3. The promise of the U.S. government to maintain its value
  4. Gold bars in secure locations like Fort Knox
  5. An equal amount of physical capital, land, and natural resources

Correct Answer: C

Explanation:

The U.S. dollar is not “backed” by any physical asset or commodity.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following insures the value of the U.S. dollar? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 210-4220.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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