A bill is introduced into Congress proposing that the U.S.go back to the gold standard, in which only gold coins could circulate as money.What are the major drawbacks of such a proposal?
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Q44: M2 consists of
A)amounts in savings accounts, money-market
Q45: The new coin introduced in 2000, which
Q46: The reason why people are putting more
Q47: M1 consists of
A)coins, paper currency, and travelers
Q48: Which of the following statements is true?
A)Assets
Q50: The demand for U.S.currency increased in the
Q51: Most U.S.currency is held by
A)U.S.citizens.
B)banks.
C)the Federal Reserve.
D)foreigners.
Q52: Describe each of the four functions of
Q53: M1 - coins and currency - amount
Q54: Credit cards are
A)not counted as money because
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