A problem with a commodity monetary standard is:
A) nothing tangible backs the currency.
B) the money supply is not tied to the conditions and needs of the economy.
C) the ability to convert currency to gold or silver causes large amounts of perfectly good money to disappear from circulation.
D) all of the above.
Correct Answer:
Verified
Q57: A paper monetary standard:
A) is the worst
Q58: A commodity monetary standard:
A) is the worst
Q59: A system where the money supply is
Q60: A system where the money supply is
Q61: A major advantage of a gold standard
Q63: A major problem with a paper monetary
Q64: Which of the following statements about U.S.
Q65: Over its history, the U.S. economy:
A) was
Q66: Which of the following statements is FALSE?
A)
Q67: Financial depository institutions can:
A) make loans.
B) create
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