Question

True or False?
Today, the US dollar is tied to gold.

Answer 1

False

Step-by-step explanation:

Throughout history, gold has served as the benchmark of value and is still a highly sought-after commodity today. Gold's price fluctuates like other commodities due to factors including demand, supply, and market sentiment. Gold's price is correlated with the value of the dollar, not the other way around.

Answer 2

True, “the U.S dollar was officially crowned the world’s largest reserve currency and was backed by the worlds largest gold reserves.”