aliyafamke
aliyafamke aliyafamke
  • 19-03-2022
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What backs the U.S. dollar today? Explain.

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raissasaraswati
raissasaraswati raissasaraswati
  • 19-03-2022

Answer:

Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. One danger of fiat money is that governments will print too much of it, resulting in hyperinflation.

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