Chapter 10 - Assignment 2: Continental Currency
Chapter 10 - Assignment 2: Continental Currency
Examine the Federal Reserve Board of San Francisco's discussion of the history of paper money in the United States.
- Use the quantity theory of money discussed on pp. 263-264 to explain the decline in the value of Continental currency.
- Why might this currency not have served very well as either a store of value or a unit of account?
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