All of the following are true of the gold standard except
A) It requires international trading partners to strictly accept gold payments for imports and exports
B) It supported stable and fixed exchange rates throughout most of the 19th century
C) It encouraged international trade
D) It integrated the U.S. monetary system into the world market.
Correct Answer:
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Q19: The number of private state banks decreased
Q20: Which/who of the following was NOT an
Q21: Money serves the following function(s):
A) Medium of
Q22: During the antebellum period,most international payments were
Q23: International trade in the U.S.during the antebellum
Q25: Business cycles are best categorized as
A) fluctuations
Q26: During the international crises of 1837 and
Q27: Early nineteenth century banks primarily
A) enabled small
Q28: Under the new Constitution in 1789,the states
Q29: On the gold standard,a trade deficit in
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