close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    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?

    Answer this
    0  Views: 492 Answers: 2 Posted: 14 years ago
    Comment this question

      2 Answers

      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
      Comment this answer

        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
        Comment this answer



          Did this answer your question? If not, then ask a new question.

          Top contributors in Uncategorized category

           
          ROMOS
          Answers: 18061 / Questions: 154
          Karma: 1102K
           
          Colleen
          Answers: 47269 / Questions: 115
          Karma: 953K
           
          country bumpkin
          Answers: 11322 / Questions: 160
          Karma: 838K
           
          Benthere
          Answers: 2392 / Questions: 30
          Karma: 760K
          > Top contributors chart

          Unanswered Questions

          mm88waycom
          Answers: 0 Views: 9 Rating: 0
          MOCHA VIỆT NAM
          Answers: 0 Views: 7 Rating: 0
          MAHJONG900
          Answers: 0 Views: 10 Rating: 0
          Cổng game
          Answers: 0 Views: 13 Rating: 0
          99WIN
          Answers: 0 Views: 11 Rating: 0
          VSBET- Trang VSBET COM Uy Tín Số 1 BXH Google 2026 | +888K
          Answers: 0 Views: 9 Rating: 0
          TravelTalk Tour Ấn Tháng 7
          Answers: 0 Views: 12 Rating: 0
          nohuwinicu1
          Answers: 0 Views: 13 Rating: 0
          > More questions...
          539508
          questions
          771935
          answers
          891031
          users