Recall the Application about the cities, school boards, and companies that issued their own currency
during the Great Depression to answer the following question(s).
-According to this Application, at its peak in the 1930s, about $1 billion in currency issued by cities was in circulation during the Great Depression. When people used this currency to execute transactions, this currency was being used as a

Question

Quizplus · Accepted Answer

The currency issued by cities during the Great Depression was used primarily as a medium of exchange, facilitating transactions when traditional currency was scarce.

Recall the Application About the Cities, School Boards, and Companies