answersLogoWhite

0

Silver has a value, weatheras the paper that we use for money is actually worthess - it's credit. Therefore, the more silver and gold that you have, the more substance you have that actually has some worth!

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

How would bimetallism help the economy according to its support?

by giving people either gold or silver in exchange for paper currency or checks


How did silver affect the economy?

with its dick


What problems did Europeans face in using gold and silver coins?

Since the economy was based on gold and silver, the economy could not grow. It was stymied because of the lack of gold and silver...


Who introduced the silver coins in the economy?

kushans


How is the economy like in England?

England has gold and silver stuff.


What is the reason for increase in silver prices?

because the nitrate potassium is a chemically gentically coming down sick so the baronium and filium are with no cojucture to the economy!and if u like my answer then help me by donating more silver to experiment money will also do thank you


How can you help the economy?

as a student i can help the economy by researching the problems of each and giving them an equivalent answer


How do entrepreneurs help the economy?

Entrepreneurs help the economy by stimulating consumer spending and creating jobs.


How is who is help you to down economy?

In the present condition of economy only no one can help you in down condition .


What were the arguments for free silver and against it?

Proponents of free silver argued that increasing the money supply by allowing the free coinage of silver would help alleviate economic hardships, particularly for farmers and debtors, by raising prices and making debts easier to repay. They believed it would stimulate the economy and provide a more equitable financial system. Conversely, opponents argued that free silver would lead to inflation, destabilize the economy, and undermine the gold standard, which they viewed as essential for maintaining financial stability and international credibility. They feared that such a policy would ultimately harm the economy by eroding trust in the currency.


How does saving help the economy as a whole?

it helps economy flourish


How can Coop help the economy?

Coop can help the economy by strengthening local business and supporting local business.