"Continentals" were backed by
A) gold
B) silver
C) possible future tax revenues
D) none of the above

Name: "Continentals" were backed by A) gold B) silver C) possible future tax revenues D) none of the above
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Question

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Continentals were not backed by gold or silver, but rather by the promise of future tax revenues from the colonies. However, this promise was often not fulfilled, leading to the depreciation and eventual worthlessness of the currency.

"Continentals" Were Backed by