Qthroughout history the most popular form of money has been

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Q. Throughout history, the most popular form of money has been gold.

a. Provide 3 reasons why gold has been such a popular form of money.

b. Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials?.

c. Assume that a country's money supply consisted of silver, copper as well as gold coins, also paper currency. Also assume that the worldwide value of gold began to increase dramatically. Explain what holders of gold could be expected to do with their gold coins.

Reference no: EM13354601

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