0
The U.S. monetary system is based on credit; and its money supply consists of currency, coins and checkable public deposits in the banking system. Since 1968, the value of the currency is based on its purchasing power in the economy and around the world.
Add your answer:
Earn +20 pts
What is the number system based on the number 10?
The US system that is based on the number 10 is the base 10 system. In the base 10 system the numbers roll over every 10; example 10,20,30.
A metic system is decimal system based on the of what?
It is based on the powers of 10.
What is our number system based on?
Our number system is based on the number ten, and as a result, it is called the decimal system.
What system of measurement is used in science what number it based on?
The metric system, based on the number 10.
What is a system of measurement based on decimals?
The metric system.
Under what monetary standard does the US currently operate?
I'm not fully understanding what this answer means, but I don't think it portends well. US currency is not based on Gold or something tangible like that; it is based on debt. US currency is a debt-based system.
The monetary system of the US is in metric because its units are related to each other by what number?
The US monetary system is not in metric units. Instead, it uses a system based on the decimal system, where units are related to each other by powers of 10. For example, there are 10 dimes in a dollar, 100 cents in a dollar, and so on.
What is used everyday and based on ten?
metric system is used daily in many parts of the world. And the monetary system too.
US monetary system went off this standard during the Depression?
Gold
Why couldn't Continental Congress pay for war?
In the beginning they had no monetary system and when they created one it was not based on anything.
Did the US ever adopt the Spanish dollar as a the basic monetary system?
The US never adopted the Spanish dollar as a monetary system. However, in the early years of the Republic the use of foriegn currency, including the Spanish Dollar, was common and accepted.
How did French mercantilism system work?
System based on the fact that a country benefits by accumulating monetary reserves through a positive balance of trade.
What is Jordan's monetary system?
Jordan's monetary system is based on the Jordanian Dinar (JOD). The Central Bank of Jordan is responsible for issuing and regulating the currency in Jordan. The dinar is divided into 10 dirhams, 100 qirsh, or 1000 fils.
Who designed the us monetary system?
It was designed in 1944 by 730 delegates from 44 allied nations and was called the Brenton Woods System.
Which of the following conclusions can be reached based on the information in the reading passagePresident Garfield believed silver and gold should be used to ensure a sound monetary system?
President Garfield believed silver and gold should be used to ensure a sound monetary system.
Is it legal to develop a new monetary system in the US?
No. Never for a "private" non-government monetary system, but, yes, it would have to be introduced as a Bill into Congress, and the entire lawmaking process would have to take place in order to pass it.
How would you use bimeattlism in a sentence?
Bimetallism was a monetary system that died in the late 19th century in the US.
