1 The money supply in the US is backed A by the governments

1. The money supply in the U.S. is backed A. by the government\'s ability to control the supply of money and therefore to keep its value relatively stable. B. by government bonds. C. dollar-for-dollar by gold and silver. D. by gold reserves representing a fraction of the total value of dollars in circulation

Solution

Solution: by the government\'s ability to control the supply of money and therefore to keep its value relatively stable

Explanation: In United States money supply is backed to keep the money\'s value relatively stable