Exam 12: Money and Banking in the Developing Economy

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The Coinage Act of 1792 set the relative values of silver and gold coins at 15 to 1.  Suppose the relative values of silver and gold in the market was 14 to 1.  In this case,

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Early attempts to establish paper money were hampered by

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In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of

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Under the bimetallic standard of the 19th century,

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The dollar volume of state-bank notes received by the First Bank of the United States was __________________ the dollar volume of its bank notes received by the state banks.

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