ECON2200 Exam 3 Notes 7 - ECON 2200 Multiple Choice In the...

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ECON 2200 Multiple Choice In the US vs Addyson Pipe and Steel Company, the Supreme Court ruled that COLLUSIVE AGREEMENTS AMONG COMPETING FIRMS were a violation of the Sherman Antitrust Act. Under a bimetallic standard, if the mint value (silver:gold) is 16:1 and the market value is 30:1, then a) only gold will circulate as money b) only silver would circulate as money c) both gold and silver would circulate as money d) neither gold nor silver will circulate as money Which of the following statements provides accurate information about the National Bank Act of 1863? 1) the act made national bank notes legal tender 2) established a paper currency of uniform design for use by national banks 3) required national banks’ assets to include a certain amount of US treasury bonds 4) required double liability on the stock owned by the shareholders of national banks Which of the following factors encouraged “consumer culture” of the 1920s? 1) increased use of installment plants
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ECON2200 Exam 3 Notes 7 - ECON 2200 Multiple Choice In the...

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