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No. None of the states have a legal right to coin money. Only the federal government can do this. The US ceased to use gold as a standard for money in 1933.
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∙ 14y ago
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Can the states coin money as long as itis backed by gold?
no
Why did populists want the unites states to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
Why did Populists want the United States to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
Is Philippine money backed by gold?
No.
When paper money was first printed by some states it was backed by?
When paper money was first printed by some states, it was backed by gold or silver reserves stored in the treasury. This system, known as the gold standard, ensured that each unit of currency could be exchanged for a specific amount of gold or silver. It provided stability and confidence in the currency's value.
Is the currency backed by gold?
no it is not because you cannot exchange your money for gold at your bank
Why did populists want the US to move from a currency backed by gold to one backed by gold and silver?
It would increase the supply of money.
Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silvers?
It would increase the supply of money.
Why did populists want the US to move from currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
What is the name of paper money that was not backed by gold?
Floating currency.
