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The money supply is backed:
Question 4 options:

1)

by the government's ability to control the supply of money and therefore to keep its value relatively stable.

2)

by government bonds.

3)

dollar-for-dollar by gold and silver.

4)

by gold reserves representing a fraction of the total value of dollars in circulation.

Respuesta :

Answer:

The money supply is backed: by the government's ability to control the supply of money and therefore to keep its value relatively stable.

Explanation:

If the price index rises from 100 to 120, the purchasing power value of the dollar: will fall by one-sixth.

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