Is MZM sometimes referred to as the 'base' money supply? True or False? Is the agreed-upon value of money in the United States today based on the government's supply of gold at For... Is MZM sometimes referred to as the 'base' money supply? True or False? Is the agreed-upon value of money in the United States today based on the government's supply of gold at Fort Knox, Kentucky? True or False?
Understand the Problem
The question is asking whether MZM is sometimes referred to as the 'base' money supply, and whether the value of money in the U.S. is based on the government's gold supply at Fort Knox. The user needs to determine the truthfulness of these statements.
Answer
False for both statements.
The final answer is False for both statements.
Answer for screen readers
The final answer is False for both statements.
More Information
MZM is not typically referred to as the 'base' money supply. The monetary base consists of currency and reserves. The value of U.S. money is not based on gold; it operates on a fiat money system.
Sources
- Junior Financial Services - My Finance Class - myfinanceclass.com
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