The Major Problem of a Currency That Is Fractionally Backed

question 87

Multiple Choice

The major problem of a currency that is fractionally backed and convertible into a precious metal is that of

• A)clipping,which debases the metal coins.
• B)counterfeiting.
• C)maintaining its convertability into the metal.
• D)paper money being less durable than gold.
• E)perennial shortages of paper currency.

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Definitions:

Respiration Rate

The number of breaths taken per minute, which is a vital sign of critical importance for assessing the general respiratory health of an individual.

Blood Concentration

The amount of a substance per unit volume of blood, reflecting the level of that substance in the circulatory system.

Reversible Reaction

A reversible reaction is a chemical reaction where the reactants form products that, in turn, react together to give the reactants back.

Organic Compound

An organic compound is a chemical compound containing carbon atoms bonded to hydrogen atoms, often along with other elements.