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SOLVED: Today, the U.S. dollar is an example of "fiat money"; in the 1950s, when the U.S. was on "The Gold Standard", the U.S. dollar was an example of "commodity-backed money".
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SOLVED: 14. Which of the following is an example (are examples) of commodity money? a. Paper dollars backed by the government b. Paper dollars backed by gold c. Coins made of metal
Money: Commodity, Representative, Fiat, and Electronic Money