If the government backed the currency with something tangible like gold, then the supply of money would vary with how much gold was available.
Multiple Choice Question
If the government backed the currency with something tangible like gold, then the Blank______.
Multiple choice question.
demand for money would vary with how much gold was available
scarcity of money would vary with how much gold was available
demand for money would vary with the scarcity of gold
supply of money would vary with how much gold was available
1 answer