To choose: The term that best completes the given sentence.
Explanation of Solution
The correct answer is convert.
At, one time, the government of United States issued representative money in terms of silver and gold certificates. Private Banks have approved deposits of silver ingots or gold bars. The notes were a pledge to turn the paper money back into coins or bullion on
To affect
Introduction: Printing more money by the government for paying off their national debt could lead to rise in inflation. The inflationary increase would lower bond value. If inflation gets higher, people don't want to buy bonds because their value goes down.
Chapter 14 Solutions
Economics Today and Tomorrow, Student Edition
Additional Business Textbook Solutions
Horngren's Accounting (12th Edition)
Accounting Information Systems (14th Edition)
Macroeconomics
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Financial Accounting: Tools for Business Decision Making, 8th Edition
Financial Accounting, Student Value Edition (5th Edition)
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education