Replies to Queries on Gold and Currency

January 1934
Congressional Digest;Jan1934, Vol. 13 Issue 1, p29
This article presents questions and answers on Gold and the Gold standards from "Gold," a pamphlet issued by the Pittsburgh Public Schools. A few of the questions were, "What is money?", "What is a money standard?" and "How does the government get gold?" The pamphlet was written by R.O. Hughes, Assistant Director, Department of Curriculum Study. Money is anything which people in general will accept in exchange for goods which they have to dispose of, or services which they are able to render. Money standard is a quantity agreed upon which everyone recognizes as the same and which is used as a basis for reckoning the value of all sorts of commodities.


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