What was not a problem with using commodity money in the us colonies prior to 1700?

1 answer:

3 0

Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.

British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.

Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.

Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.

Learn more about commodity money here:- brainly.com/question/24199263

#SPJ4

You might be interested in

When you finish a problem, you should confirm that it makes sense and explain it if it does. Suppose you are grading a question

igor_vitrenko [27]

Answer:

The correct grade which I think as the teacher is option A

7 0

3 years ago

Anton's wife suggests that he talk to a doctor because of his inability to cope with criticism. The doctor suggests that Anton's

frutty [35]

Answer:

<em>Psychodynamic model</em>

Explanation:

The psychodynamic model of abnormality points to repressed emotion, and thoughts from the past, or from one's childhood, as the basis or cause of the psychological illness. In this case, the sufferer replaces this repressed memories and behaviors with new ones. The major solution is for the patient to admit those repressed thoughts and emotions, and openly talk about them to an expert psychologist.

6 0

3 years ago

The Nile has two main sources. The Blue Nile flows from the highlands of Ethiopia;

Ghella [55]

Answer The cause of the rift or issue between the government of Egypt and Ethiopia is the construction of:

b) an Ethiopian dam to produce hydroelectric power.

Explanation: This dam is known as the Grand Ethiopian Renaissance Dam (GERD), it is dam which is under construction since 2011 in Ethiopia. The dam is been constructed on the river Nile. The disagreement is concerning the blockage or the reduction in the flow of the river Nile towards Egypt which would affect their water intake because Egypt relies on the downstream flow of the river Nile to a basin to provide them a source of fresh water.

6 0

3 years ago

Sebastian completes an experiment and records the results. Anna completes the same experiment, following the same steps as Sebas

AleksandrR [38]

Answer:

Not reliable

Explanation:

Reliability: In psychological research, the term reliability is defined as the stability or constancy of a specific measuring test, experiment, or research study.

Example: If a researcher is conducting a particular research and gets a particular result ten if the same research is being conducted after a time interval then he or she would expect the same result and if gets the same result then the research would be considered as reliable and if not then it would be considered as not reliable.

In the question above, the given statement means that the experiment is not reliable.

8 0

3 years ago

Janetta ran a campaign for student body president, and she really wanted to win. She gave election buttons to everyone and told

Bas_tet [7]

Answer:

Janetta is not altruistic here

Explanation:

Janetta is not practicing altruism in the case above because she expects that people will vote for her. This is not selfless desire to help without being obligated by religion, loyalty or because one is getting something in return. Janetta is expecting something here and isn't really giving out something for nothing as is seen with altruists who merely help selflessly and have the welfare and interest of other people in mind without expecting something or asking

7 0

3 years ago