Briefly discuss the main advantage of the bimetallic standard over the gold standard
What will be an ideal response?
The advantage of bimetallism was that it might reduce the price level instability resulting from the use of gold alone. Were gold to become scarce and expensive, cheaper and relatively abundant silver would become the predominant form of money, thereby mitigating the deflation that a pure gold standard would imply.
Economics
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When comparing average wages for black and white men in the United States, wages paid to black men have been about 20 percent less than those paid to white men
a. True b. False Indicate whether the statement is true or false
Economics
The Federal Open Market Committee includes:
A. the Board of Governors. B. the Secretary of State. C. all regional bank presidents. D. the Chairman of the Treasury.
Economics