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US monetary system went off this standard during the Depression?
Gold
Under what monetary standard does the US currently operate?
I'm not fully understanding what this answer means, but I don't think it portends well. US currency is not based on Gold or something tangible like that; it is based on debt. US currency is a debt-based system.
What are 2 terms that refer to the economic system in the US?
The United States currently has a "Fractional Monetary Reserve System" although the system was originally a "Specie-backed" system (each dollar backed by a quantified amount of gold, "The Gold Standard").
The monetary system of the US is in metric because its units are related to each other by what number?
The US monetary system is not in metric units. Instead, it uses a system based on the decimal system, where units are related to each other by powers of 10. For example, there are 10 dimes in a dollar, 100 cents in a dollar, and so on.
What was the difference between the gold bugs and the silverites?
The term goldbug describes investors who were very bullish on buying the commodity gold. The Silverites were a political group in the US in the late-19th century that advocated that silver should continue to be a monetary standard w/ gold.
Did the US ever adopt the Spanish dollar as a the basic monetary system?
The US never adopted the Spanish dollar as a monetary system. However, in the early years of the Republic the use of foriegn currency, including the Spanish Dollar, was common and accepted.
Who designed the us monetary system?
It was designed in 1944 by 730 delegates from 44 allied nations and was called the Brenton Woods System.
Which policy is the responbiliy of the federal reserve system to contribute to the strength and vitality of the US economy?
monetary policy
How would you use bimeattlism in a sentence?
Bimetallism was a monetary system that died in the late 19th century in the US.
Which regulatory agency oversees the US' monetary system and credit supply?
the answer to studyisland is Federal Reserve Board
Is it legal to develop a new monetary system in the US?
No. Never for a "private" non-government monetary system, but, yes, it would have to be introduced as a Bill into Congress, and the entire lawmaking process would have to take place in order to pass it.
What was the annuity system involving the US government and Indian tribes?
system under which the federal government gave annual monetary grants to Indians
