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maksim [4K]
3 years ago
6

Explain the significance of the word "bond" to this era of United States 5.

History
1 answer:
sveta [45]3 years ago
5 0

When government borrows money from citizens, they would return this money back to the person the same way a bank would.  They would give it in the form of bonds that can be sold to speculators. Problem is that it would be sold at a lower value.

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