Which Statement Characterizes the Continental Dollars Authorized by the Congress

question 65

Multiple Choice

Which statement characterizes the continental dollars authorized by the congress in 1775?

• A) The dollars were backed by silver but not gold.
• B) The dollars were merely paper backed by no precious metals.
• C) The dollars were backed by gold but at only half the value.
• D) The dollars were backed by gold at full value.

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Definitions:

Contingency Plan

A strategy or plan prepared in advance to deal with possible future emergencies, changes, or unexpected events.

Situation Analysis

An assessment of an organization's current situation and external environment, used to identify strengths, weaknesses, opportunities, and threats (SWOT).

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BCG Matrix

The BCG Matrix is a strategic business tool developed by the Boston Consulting Group to help organizations prioritize and manage their diverse product portfolio through categorization as stars, question marks, cash cows, or dogs based on market growth and market share.