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Economics homework please help! 5 multiple choice questions?
6: During the 1870-1920 period the industrialized nations set up _______, with one of the last being the Federal Reserve in 1913.
central banking systems
private banking systems
7: When used as part of a commodity money system, which of the following is not a function of paper currency?
to reduce the danger of transporting gold
to reduce the possibility of debasement of coins
to avoid the reduction in circulating medium to hoarding and losses
to avoid the decrease in value of precious stones
8: The gold standard, in theory, limits the power of governments to cause _______ by excessive issue of paper currency.
wealth and poverty
9: The Mundell-Fleming Model describes the behavior of ______ under a gold standard.
stocks and bonds
all of the above
10: Approximately ____ of all above-ground gold is held in reserves by central banks.
- nowittyname4meLv 51 decade agoFavorite Answer
6. Central banking systems
Yours is highlighted.
7.To avoid the decrease in value of precious stones
Read the part below the highlighted text.
8. Price inflation
Your answer is highlighted near the bottom.
Highlighted near the bottom.