thanks a lot

Enrique Ortiz: Attempt 1 Question 13 (5 points) The use of Gold as commodity money Is an historical fact Was made up by an economist Is the preferred money standard in most or the world's economic systems Is a necessary step to the creation of paper money Question 14 (5 points) What is money in the US economy? Money is currency backed by gold reserves in Fort Knox, KY Money is anything used to buy goods and services Money is state government debt Money in the US economy is the US dollar 10 J pults) What gives the US dollar its value? (Why do we use US dollars and not some other money for everyday transactions?) The Federal Government requires US dollars in payment of taxes Gold is inconvenient to carry around Magic China wants to buy US dollars Question 16 (5 points) How does the US dollar get into circulation? New gold reserves are discovered so the US Treasury issues more dollars The FED prints new bills Helicopters drop the money from the sky The US Treasury writes a check which is deposited into a bank account MacBook Air