AnswersFL-2102340-Economics with Financial Literacy Teacher DirectedMoneyQuestion 5
5
AssignmentMultiple Choice

Money

Question 5 • FL-2102340-Economics with Financial Literacy (Teacher Directed)

What does the statement "This note is legal tender for all debts, public and private” guarantee?

Answer
A
US currency is backed by gold.
B
US currency is backed by silver.
C
US currency is a way of obtaining legal credit.
D
US currency has value backed by the federal government.
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