kindly answer these in two sentences only. Thank you!

QUESTION 3 10 points U.S. paper currency in the form of Federal Reserve notes is considered "flat" currency, it is no longer backed by siver or gold. Should we be concered? Why or wity not? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIU & Paragraph Arial 14px EA 2 I X O QSE X X, 8 ST The TT EBB B C D (3) V [+ O WONOS POWERED BY TINY QUESTIONS 10 points Explain how an increase in the monetary base, such as that which occurred during Quantitative Easing and the pandemic response, might not translate directly to an increase in the M1 money supply For the toolbar, press ALT+F10 (PC) or ALT-FN+F10 (Mac) BIWS Paragraph Arial 14px TEE A 2T XOA ==== X X 32 - T 1 (4) ED13 23 B92 SE3 0 - + e Sam and som