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Which statement below regarding the use of a gold standard is FALSE? Paper money is more liquid than gold. Banks developed as a way to

Which statement below regarding the use of a gold standard is FALSE?

  • Paper money is more liquid than gold.
  • Banks developed as a way to store gold safely.
  • The United States currently uses the gold standard to value its currency.
  • Gold had much more practical value than as jewelry in regards to the gold standard.

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