Question

The dollar, or monetary unit and standard unit of currency in the U.S. monetary system, was modeled after

Answer 1

Spanish peso.

Step-by-step explanation:

• During the colonial period, the word 'dollar' was often used and referred to a measure of around eight-piece coin in the Spanish-American colonies.
• Later in 1792, the Congress adopted the United States Dollar as the country's monetary unit and standard unit of currency.

• Thus, the dollar, or monetary unit and standard unit of currency in the U.S. monetary system, was modeled after the Spanish peso.