Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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.

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.