A monetary system where the value of monetary units is set by the specified quantity of an item is representative money.
Explanation:
Representative money is a type of money that, unlike merchandise money, is based on another asset, such as money backed by gold, silver, oil or another currency, which has the quality of being convertible to the asset at which represents, which can be a kind of metallic money. It differs from fiat money in that the latter is not convertible.
The answer is Gold Standard Money. Gold Standard Monet refers to the value of a nation's paper money has a direct link to gold. Paper money of a country can be converted into gold in any case, if the government is willing to convert it into gold.
Answer:Although the largest percentages of slaves were found in the South, slavery did exist in the middle and Northern colonies. ... Although Southern slaveholders had a deeper investment in slaves than Northerners, many Northerners, too, had significant portions of their wealth tied up in their ownership of enslaved people.
The United States cast a wary eye over the Soviet Union's quest for world dominance as they expanded their power and influence over Eastern Europe, and the Soviet Union resented the United States' geopolitical interference and America's own arms buildup.
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