How was it possible for stamped and unstamped commodity money to circulate at the same time?
A)It was not possible; the unstamped money drove the stamped money out of circulation.
B)It was not possible; the stamped money drove the unstamped money out of circulation.
C)The unstamped money was accepted at a discount to the stamped money.
D)The stamped money was accepted at a discount to the unstamped money.

Question

Quizplus · Accepted Answer

Stamped and unstamped commodity money could circulate at the same time because unstamped money was often accepted as valid currency at a discount to the stamped money. This meant that those who were willing to accept unstamped money could purchase goods and services at a lower cost than those who insisted on using only stamped money. As a result, both forms of currency could coexist in the marketplace.

How Was It Possible for Stamped and Unstamped Commodity Money