Business, 01.02.2020 23:45 alivas6618
Why would the banks in the united states in the mid-1800s have used a gold and silver standard?
a: people would not trust paper money if it were not backed up by something that had real value.
b: it was more secure against theft than paper money because it weighed too much for a thief to carry away.
c: the gold rush and some rich silver mines meant there was a lot of gold and silver available.
d: federal law required that all money had to be backed by gold and silver.
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Why would the banks in the united states in the mid-1800s have used a gold and silver standard?
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