Which of the Following Is True of the Bland-Allison Act

question 51

Multiple Choice

Which of the following is true of the Bland-Allison Act and the Sherman Silver Purchase Act?

• A) By putting more money into circulation, they laid to rest demands for inflating the currency.
• B) They expanded the money supply so much and caused so much inflation that even farmers began to protest.
• C) They did not pump enough new money into circulation to satisfy debtors and left the impression that the government favored creditors.
• D) They ran contrary to the political trend of the day in that both were straightforward, uncompromising pieces of legislation.

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Definitions:

First Quarter

This term refers to the first three months of a financial year; specifically, January, February, and March, used in fiscal and calendar year reporting.

Service Provider

A company or organization that offers services to others, such as telecommunications, utilities, or healthcare.

Finished Goods Ledger

The subsidiary ledger that contains the individual accounts for each kind of commodity or product produced.

Deferred Revenue

Money received by a company for goods or services yet to be delivered or performed; classified as a liability on the balance sheet until the transaction is completed.