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Q: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It
was used as a currency. c. It was used as representative money. d. It was used as fiat money.
A: It was used as a currency.
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Original conversation
User: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money.

Weegy: It was used as a currency.
latefisher|Points 3420|

User: Money that people can gain access to quickly and easily to pay for goods and services is: a. M-1 c. M-3 b. M-2 d. M-4

Weegy: money that people can gain access to quickly and easily to pay for goods and services is Answer: A. M-1
emdjay23|Points 2212|

User: When talking about money, uniformity means: a. every country needs to use the same currency. c. each continent should have their own coins. b. people must be able to count and measure money accurately. d. none of the above

Weegy: When talking about money, uniformity means: a. every country needs to use the same currency
Expert answered|selymi|Points 11211|

User: Which of the following statements is true? a. Money is a medium of exchange. c. Money serves as a store of value. b. Money is a unit of account. d. all of the above

Weegy: d. all of the above statements are true
Expert answered|selymi|Points 11211|

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Asked 8/31/2013 12:04:35 PM
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Questions asked by the same visitor
What is the gold standard? a. A system that uses actual gold coins as a country’s money. b. A system in which a country’s money is backed with gold. c. A currency system in which each dollar is worth 1/20 of a pound of gold. d. A money system in which the paper currency is good in more than one country
Question
Not Answered
Updated 10/4/2016 9:18:40 AM
2 Answers/Comments
What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 8/31/2013 11:25:06 AM
This answer has been flagged as incorrect.
Flagged by kiara07 [10/4/2016 9:18:39 AM]
The gold standard is a system in which a country’s money is backed with gold.

Added 10/4/2016 9:18:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/5/2016 10:13:19 AM]
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