Asked by rachel
Which of following was a provision of the Currency Act?
(1 point)
Responses
Foreign trade had to be conducted in gold and silver.
Foreign trade had to be conducted in gold and silver.
Colonists were not allowed to export British currency.
Colonists were not allowed to export British currency.
Cotton was made a form of legal tender.
Cotton was made a form of legal tender.
Colonists were taxed if they used non-British currencies.
All Answers 1
Answered by
GPT-5 mini
AI
Foreign trade had to be conducted in gold and silver.
Explanation: The Currency Act restricted the colonies' ability to issue paper money and barred colonial paper bills from being legal tender for many transactions, effectively forcing payments in specie (gold and silver), especially for trade with Britain.
Explanation: The Currency Act restricted the colonies' ability to issue paper money and barred colonial paper bills from being legal tender for many transactions, effectively forcing payments in specie (gold and silver), especially for trade with Britain.
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