No full-bodied or representative full-bodied money is in use in the United States today.

Question

Quizplus · Accepted Answer

This statement is true. The United States no longer uses a full-bodied or representative full-bodied money, which is a currency that has a value equal to the value of the commodity used to make it (such as gold or silver). Instead, the U.S. uses a fiat currency, which is money backed only by the government's guarantee to exchange it for goods or services.

No Full-Bodied or Representative Full-Bodied Money Is in Use in the United