Which term describes a monetary policy that uses both gold and silver to back currency?

Which term describes a monetary policy that uses both gold and silver to back currency?

• A. William Jennings Bryan
• B. Populists
• C. Dawes Act
• D. Bimetallism

Answer: (D)

Bimetallism is the monetary policy that uses both gold and silver to back currency. In a bimetallic system, money is redeemable for either gold or silver at a fixed ratio, tying the value of the currency to two metals rather than just one. This approach was promoted in the United States during the late 1800s to expand the money supply and relieve debt, with supporters arguing that more circulating currency would help farmers and workers and counter deflation. The idea became a political issue through movements advocating “free silver” and reform-minded leaders, but the term itself names the policy, not a person, act, or group. That’s why it’s the best answer: it directly describes the monetary system involving both metals.

Bimetallism is the monetary policy that uses both gold and silver to back currency. In a bimetallic system, money is redeemable for either gold or silver at a fixed ratio, tying the value of the currency to two metals rather than just one. This approach was promoted in the United States during the late 1800s to expand the money supply and relieve debt, with supporters arguing that more circulating currency would help farmers and workers and counter deflation. The idea became a political issue through movements advocating “free silver” and reform-minded leaders, but the term itself names the policy, not a person, act, or group. That’s why it’s the best answer: it directly describes the monetary system involving both metals.