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Prior to 1933, the U

Question 194

Multiple Choice

Prior to 1933, the U.S. economy was on a:


A) commodity monetary standard, where gold backed the money supply.
B) barter system.
C) paper money standard, where silver and gold backed the money supply.
D) fiat system, where the value of the dollar was pegged to changes in the U.S./U.K. exchange rate.

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