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: 459 Answers: 2 Posted: 13 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.

      11 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.  

        11 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

          baji365com
          Answers: 0 Views: 3 Rating: 0
          man79itcom
          Answers: 0 Views: 6 Rating: 0
          àasf
          Answers: 0 Views: 3 Rating: 0
          vb88gameclub
          Answers: 0 Views: 5 Rating: 0
          kuwinsarl1
          Answers: 0 Views: 4 Rating: 0
          Miễn trừ trách nhiệm E2BET
          Answers: 0 Views: 10 Rating: 0
          abc8886org
          Answers: 0 Views: 7 Rating: 0
          888bforum
          Answers: 0 Views: 8 Rating: 0
          > More questions...
          480167
          questions
          723761
          answers
          807323
          users