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Re: The US Constitution established both gold and silver as the [#permalink]
Can someone explain question no 3? And why it isnt A.
"The "gold only" advocates, such as William McKinley, argued that shifts in the relative value of the two precious metals could lead to wild fluctuations in the values of currency in a bimetallic system."
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Re: The US Constitution established both gold and silver as the [#permalink]
It's a position of 'gold only' advocate but it is not the reason bimetallism was not enduring.

Rather consider this:
The argument that increasing the money supply would lead to greater prosperity strikes us now as naïve: of course, we now understand that increasing the monetary supply can lead to runaway inflation, which hurts everyone. Furthermore...

Hence choice E is correct. Plus we have to consider the whole passage while answering this kind of question.

pradeep099 wrote:
Can someone explain question no 3? And why it isnt A.
"The "gold only" advocates, such as William McKinley, argued that shifts in the relative value of the two precious metals could lead to wild fluctuations in the values of currency in a bimetallic system."
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Re: The US Constitution established both gold and silver as the [#permalink]
Hello from the GRE Prep Club VerbalBot!

Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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