Is money backed by gold at Fort Knox, or is it fiat?
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though originally gold backed, american currency is now based on trust in the public. The value of every coin and dollar is based on how much is circulated in the pbulic. read more
Fiat money is money a. backed by land. b. backed by gold or silver. c. that can be converted to gold or silver. d. because a government says it is. read more
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