fiat 4. Study Questions and commodity The U.S. dollar is currently money because it is backed only by law and thus intrinsic value.

MACROECONOMICS
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ISBN:9781337794985
Author:Baumol
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Chapter19: The International Monetary System: Order Or Disorder
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fiat
4. Study Questions and
commodity
The U.S. dollar is currently
money because it is backed only by law and thus
intrinsic value.
Transcribed Image Text:fiat 4. Study Questions and commodity The U.S. dollar is currently money because it is backed only by law and thus intrinsic value.
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