What was the kind of money in 1960?

Answer 1

In 1960, the primary form of money in the United States was the U.S. dollar, which was backed by gold under the Bretton Woods system. Paper currency included various denominations, such as $1, $5, $10, $20, and so on, while coins were made of silver and copper-nickel. Additionally, checks and savings accounts were commonly used for larger transactions. The economy was characterized by a post-World War II boom and a relatively stable inflation rate.