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    3. If banks fail and bullion gold becomes currency, how will businesses make change when it is used for everyday purchases?
    If banks fail and bullion gold becomes currency, how will businesses make change when it is used for everyday purchases?

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    0  Views: 502 Answers: 2 Posted: 14 years ago
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      The same way as now except the paper money will be backed up by gold as it use to be.

      13 years ago. Rating: 0
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        Bank failures has nothing to do with gold. So, if they fail it is because of other reasons. AS for gold, the currency will be stronger being backed by gold and it will not be just paper or monopoly money.  

        13 years ago. Rating: 0
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