In the United States,the dollar was commodity backed:
A) for over 100 years.
B) until the Civil War.
C) for about 50 years.
D) until World War II.
Correct Answer:
Verified
Q25: We know how many dollars banks create
Q29: The ratio of money created by the
Q31: If there were no fractional reserve banking,then:
A)the
Q33: The ratio of the total amount of
Q33: In the United States, the dollar was
Q34: Commodity-backed money is:
A)any form of money that
Q37: Modern banks in the United States can
Q37: The cash that a bank keeps in
Q40: If there was only full-reserve banking:
A)the financial
Q41: The smaller the reserve ratio:
A)the less a
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