× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
Chako Chako
wrote...
Posts: 2948
8 years ago
Briefly discuss the main advantage of the bimetallic standard over the gold standard.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 143 times
3 Replies

Related Topics

Replies
wrote...
8 years ago
The advantage of bimetallism was that it might reduce the price level instability resulting from the use of gold alone. Were gold to become scarce and expensive, cheaper and relatively abundant silver would become the predominant form of money, thereby mitigating the deflation that a pure gold standard would imply.
Chako Author
wrote...
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
wrote...
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  914 People Browsing
Related Images
  
 266
  
 2112
  
 75
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 820