Multiple Choice
The Currency Act of 1764:
A) prohibited the colonies from making their currency legal tender
B) created terrible inflation in the colonies
C) was designed to ease the shortage of hard money in the colonies
D) said that lenders had to accept paper money in payment of debts
E) changed the name of the basic monetary unit to "dollar" from "pound"
Correct Answer:
Verified
Correct Answer:
Verified
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