The Advantages Claimed for a Bimetallic Standard Were Not Gained

question 103

Multiple Choice

The advantages claimed for a bimetallic standard were not gained in actual practice because:

• A)one of the metals disappeared from circulation because the mint and market ratios were not the same
• B)the supply of gold was inadequate
• C)the supply of silver and gold was not balanced among the nations that were on a bimetallic standard
• D)all of the above

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Definitions:

Agricultural Development

The process of improving the efficiency and productivity of agriculture to increase the production of food and agricultural products.

Great Plains

A vast flatland that stretches across the central portion of North America, characterized by its grassy landscape and known for agriculture and ranching.

Plains Settlers

Individuals and families who migrated to settle the Great Plains of the United States during the 19th and early 20th centuries, often facing harsh conditions and conflicts.

Reservation Policy

A government policy that sets aside specific areas of land (reservations) for indigenous peoples, often with imposed restrictions on land use and sovereignty.