A Bimetallic Standard Is a Monetary Standard Based Only on Gold

question 158

True/False

A bimetallic standard is a monetary standard based only on gold.

---

Definitions:

Tax Rates

The percentages at which income, property, or purchases are taxed by the government.

Tax Revenues

The fiscal resources that are obtained by governments from taxes.

Vertical Equity

A principle in taxation where taxpayers with a greater ability to pay, typically measured by income or wealth, contribute more in taxes.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they are not directly involved in.