Which of the Following Is True of the $100 Million

question 35

Multiple Choice

Which of the following is true of the $100 million gold reserve that the federal government kept on hand?

• A) It gave investors at home and abroad confidence in the nation's economic stability.
• B) It was the lowest amount required to meet the government's obligations.
• C) It was the result of farmers' demands that they be paid for all purchases by the government in gold.
• D) It fluctuated so much in price that by 1893 people had lost faith in it.