Which of the following statements is true?
a. half the money supply is backed by gold.
b. the gold standard applies to a small fraction of the money supply.
c. the money supply is backed by treasury notes.
d. there is no concrete backing to the money supply in the united states.

C

Explanation:

The money supply is backed by Treasury notes

the economic difference between the three colonial regions. shipbuilding, whaling, fishing, and trapping where also main factors to the economy. the southern regional colonies economy was based on sugarcane, rice, cotton, tobacco, and indigo.