The mechanism designed to keep money supply portable, durable, divisible, and limited in supply.
What is Monetary Standard
100
Paper currency that is backed by silver dollars.
What is Silver Certificates.
100
People feel more comfortable about money.
What is Advantages of a Gold Standard.
100
List all of the characteristics of money.
What is Portable, Durable, Divisible, And Limited Availability.
100
In 1900 Congress Passed
What is The Gold Standard Act.
200
Banks that receive charter to operate from state government.
What is State Banks.
200
First printed in large denominations but were later issued in smaller amounts for personal use.
What is Gold Certificates.
200
Gold stock money may not grow fast enough to support the economy.
What is Disadvantage of a Gold Standard.
200
An item retains the same shape, form, and substance over an extended period of time
What is Durable.
200
By 1811, the country had ____ state banks.
What is 100.
300
Paper currency backed by gold.
What is Gold Certificates.
300
Paper currency backed by Gold.
What is Gold Certificate.
300
The Gold standard was suppose to prevent the government from printing too much paper currency.
What is an advantage of a Gold Standard.
300
Money that can be divided into small increments that can be used in exchange for goods of varying values,
What is Divisibility.
300
People could exchange money for _____ and _____.
What is Gold; Silver
400
Fiat currency that must be accepted in payment for debts.
What is Legal Tender.
400
A monetary standard under which the basic currency unit is equal to and can be exchanged for a specific amount of Gold. (Not Silver or Gold Certificate)
What is A Gold Standard.
400
The price of Gold may change.
What is a Disadvantage of a Gold Standard.
400
Money that can be easily moved from one location to another when such movement is needed to complete exchanges.
What is Portability.
400
Called ______ because of green ink.
What is Greenbacks.
500
A federal fiat currency that also had no Gold or Silver backing issued by congress.
What is United States Notes.
500
Paper currency issued by the treasury that was redeemable in both Gold and Silver. (The answer is not Silver or Gold certificate)
What is Treasury Coin Notes.
500
People may decide they want to turn their money into Gold.