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1. Why would wealthy people want a gold standard and common people want

bimetallism?

Sagot :

containmentformyexis

Supporters of bimetallism offer three arguments for it: (1) the combination of two metals can provide greater monetary reserves; (2) greater price stability will result from the larger monetary base; and (3) greater ease in the determination and stabilization of exchange rates among countries using gold, silver, or bimetallic standards will result.

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