What is the difference between hard money and soft money?
A) Hard money is more difficult to acquire.
B) Hard money is specie like gold or silver, while soft money is paper.
C) Soft money is issued for only a specified number of months.
D) Hard money has no value, while soft money increases in value.
E) Soft money was usually easy to find, but only the elite had access to hard money.
Question 2
In his war on the Bank of the United States, President Jackson
A) removed federal deposits from the Bank of the United States and deposited them in state banks
B) forced the nation to adopt a paper money system
C) announced that all national fiscal policy would be made by the secretary of the treasury
D) banned the use of specie in business transactions
E) closed all branches of the Bank of the United States
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