Business, 07.11.2019 04:31 ekerns2000paa19x
On april 2, 1862, the first greenback left the u. s. treasury, marking the start of a new era in the american monetary system.
at the start of the civil war, the u. s. didn't have a national paper currency. instead, the money supply consisted of u. s. coins and a collection of paper notes issued by private banks. technically, the federal government began issuing its own paper currency in 1861. that year, the lincoln administration issued $60 million in demand notes, a variant of a treasury note that was redeemable "on demand" for gold coins at the treasury or any sub-treasury.
these notes were overshadowed in 1862 by the issue of $150 million in a new fiat currency officially known as united states notes and popularly known as greenbacks or legal tenders. by the end of the war, close to $450 million worth of greenbacks were in circulation.
Answers: 2
Business, 21.06.2019 16:10, allisonhall0925
Reliable electric is a regulated public utility, and it is expected to provide steady dividend growth of 5% per year for the indefinite future. its last dividend was $6 per share; the stock sold for $50 per share just after the dividend was paid. what is the company’s cost of equity? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
Answers: 2
Business, 21.06.2019 20:30, Dericktopsom
Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money
Answers: 1
Business, 22.06.2019 20:00, HahaHELPP
In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
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On april 2, 1862, the first greenback left the u. s. treasury, marking the start of a new era in the...
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