How Well Do You Know The Gold Standard?
Every few years, someone gets the brilliant idea that we should return to the gold standard. Test your knowledge of the ever-relevant issue.
True or False: The first minted coins were gold.
Which is NOT TRUE of the gold standard:
When did England officially switch from a silver to a gold standard?
True or False: The gold standard requires increased interest rates when gold is scarce.
When did America formally drop the gold standard?
Many Republicans advocate a return to the gold standard as it gives:
Fiat money--the gold standard's opposite--was invented where?
Who has NOT advocated a return to the gold standard?
This was not your finest hour. We're going to resist the urge to make a fool's gold joke and suggest you brush up on your gold standard history!
Brilliant! Your knowledge of the gold standard is way above average.
Pure gold! When it comes to the gold standard, you know your stuff.