All of the following means were used to reduce problems associated with the circulation of commercial bank notes except:
a. a pledge by the Treasury to accept all bank notes issued by state-chartered banks.
b. anti-counterfeiting associations formed by commercial banks.
c. bank note reporters and counterfeit detectors, such as Thompson's Reporter and Hodges' Bank Note Safeguard.
d. note brokers who bought and sold commercial bank notes.
Question 2
The term dirty float is used to describe:
a. international agreements about fishing rights that were developed in the 1960s.
b. the system of exchange rates, which relies primarily on market forces with limited government intervention.
c. the inflation that followed price controls implemented by the Nixon administration.
d. unsound monetary policy.
