In the United States,bimetallism was adopted by the Coinage Act of 1792 and remained a legal standard until 1873,
A) when Congress dropped the silver dollar from the list of coins to be minted.
B) when Congress dropped the twenty-dollar gold piece from the list of coins to be minted.
C) when gold from the California gold rush drove silver out of circulation.
D) when gold from the California gold rush drove gold out of circulation.
Correct Answer:
Verified
Q4: The monetary system of bimetallism is unstable.Due
Q5: An "international" gold standard can be said
Q6: Prior to the 1870s,both gold and silver
Q7: In the 1850s the French franc was
Q8: The first full-fledged gold standard
A)was not established
Q10: The international monetary system can be defined
Q11: Gresham's Law states that
A)bad money drives good
Q12: The international monetary system went through several
Q13: Suppose that the pound is pegged to
Q14: Suppose that the pound is pegged to
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