Paper money helped colonists pay soldiers for services provided when specie was not available.?This money was fiat money; it did not possess specie backing.
Correct Answer:
Verified
Q2: During the colonial period,the English permitted both
Q3: The value of output produced in colonial
Q4: By 1774,the Southern colonies'
A) share of total
Q5: According to the quantity theory of money,a
Q6: Growth in real output per person occurred,on
Q7: By restricting the amount of precious metals
Q8: Of the 1790 colonist population,over 80 percent
Q9: Animal skins,livestock,tobacco,teeth and rocks have historically served
Q10: During the colonial period,
A) both men and
Q11: The money value of all trading activity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents