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Is the following statement​ correct?
​"The Federal Reserve is limited in its ability to issue paper currency by the amount of gold the federal government has in Fort Knox. To issue more paper​ currency, the government first has to buy more​ gold."

Respuesta :

oyesobas912

Answer:

False

  • In our world today the usage of currency is fiat money and not supported by gold

Explanation:

Is the following statement​ correct?

​"The Federal Reserve is limited in its ability to issue paper currency by the amount of gold the federal government has in Fort Knox. To issue more paper​ currency, the government first has to buy more​ gold."

False

  • In our world today the usage of currency is fiat money and not supported by gold

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