Author Question: With regards to money in the colonies, (a) the colonies did not produce enough of their own ... (Read 215 times)

lb_gilbert · **on:** Jun 30, 2018

With regards to money in the colonies,

(a) the colonies did not produce enough of their own precious metals to coin money.
(b) the British did not allow the export of their own coins to the colonies but did not object to foreign coins flowing into the colonies.
(c) the British did not allow paper money created by the colonies to be declared legal tender, but this policy did not prohibit the colonists' use of it.
(d) all of the above apply.

Question 2

Alternative proposals to change the current system of exchange rates include

a. a new explicit system of fixed exchange rates.
b. adjustable target zones for exchange rates.
c. a dirty float rate system.
d. Both a and b
e. Both b and c