>The money is “Backed by the full faith and credit of the United States”.
I'm pretty sure its treasury bonds that are "Backed by the full faith and credit of the United States". Dollars are backed essentially by what you can buy with them.
I'm pretty sure its treasury bonds that are "Backed by the full faith and credit of the United States". Dollars are backed essentially by what you can buy with them.
This is why each note has “Backed by the full faith and credit of the United States” printed on it.
https://en.m.wikipedia.org/wiki/History_of_the_United_States...
https://www.reference.com/business-finance/backs-up-currency...
No they don't. I just checked three different bills in my pocket (a $1, a $10 and a $100) and none of them say this. They say "This note is legal tender for all debts public and private" but there is absolutely no reference to "the full faith and credit of the united states"