When Silver and Gold Were Used as Money, the Quantity

question 39

Multiple Choice

When silver and gold were used as money, the quantity and quality of the money were open to question.What was the solution?  

• A) seashells 
• B) seigniorage 
• C) token money 
• D) coinage

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Definitions:

Institutional Power

is the control or influence that organizations or institutions have over societal norms, policies, and behaviors.

Malcolm X

An African American civil rights leader who advocated for the rights of African Americans through any means necessary, distinct from the nonviolent tactics of Martin Luther King Jr.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Income Gap

The disparity in income and wealth between different groups in society, often highlighting inequality between individuals, races, genders, or countries.