What was the purpose of the Currency Act of 1764?
A) It prohibited the colonies from coining or printing their own money.
B) It gave the colonies a greater say in their own economies.
C) It was designed to ease the shortage of hard money in the colonies.
D) It said that lenders had to accept paper money in payment of debts.
E) It changed the name of the basic monetary unit to "dollar" from "pound."

Question

Quizplus · Accepted Answer

The Currency Act of 1764 prohibited the colonies from coining or printing their own money, instead requiring them to use British currency. This was meant to control inflation and prevent the colonies from using their own currency to trade with other countries.

What Was the Purpose of the Currency Act of 1764