The Allure of the Hundred Dollar Bill
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Questions and Answers

Which of the following statements about a hundred dollar bill is true?

  • It can be eaten.
  • It can be burned legally.
  • It is considered official currency. (correct)
  • It can be used as a building material.

    • What is the main reason that makes a hundred dollar bill valuable?

  • Its association with valuable commodities.
  • The government's gold and silver reserves.
  • The limited number of hundred dollar bills in circulation. (correct)
  • Its physical properties and durability.

    • What was the main factor determining the amount of US currency in circulation before 1971?

  • The government's printing capacity.
  • The physical properties of the currency.
  • The government's gold and silver reserves. (correct)
  • The demand for US dollar in international markets.

    • What is fiat money?

    <p>Currency that has no intrinsic value.</p> Signup and view all the answers

    When did the US abolish the system of linking its currency to valuable commodities?

    <p>1971</p> Signup and view all the answers

    Which of the following is NOT a reason that makes a hundred dollar bill valuable?

    <p>It can be eaten</p> Signup and view all the answers

    What was the main factor determining the amount of US currency in circulation before 1971?

    <p>The government's gold or silver reserves</p> Signup and view all the answers

    What is the primary reason a hundred dollar bill is considered valuable?

    <p>Its rarity</p> Signup and view all the answers

    Why is burning a hundred dollar bill illegal?

    <p>It is considered destruction of currency</p> Signup and view all the answers

    What is the main difference between a hundred dollar bill and other pieces of paper?

    <p>Its designation as official currency</p> Signup and view all the answers

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