24. What arguments advanced in favor of bimetallism in 1896 are inapplicable to-day?
25. What is the extent of the influence one nation can have on the ratio of the two precious metals?
26. How would the adoption of international bimetallism to-day at the ratio of 32 to 1 affect (a) the circulating medium, (b) the standard of value in different countries? Consider both the immediate and the eventual results.
27. What would have happened if a free silver law had been enacted in the United States in 1900?
28. Would an ideal monetary standard always measure the same quantity of goods?
29. A owes B a long term debt, which falls due just before the commencement of a commercial crisis; would it be to the advantage or disadvantage of A if the contract called for payment in terms of a tabular standard?
30. Why has not the tabular standard of deferred payments come into common use? Is the tabular standard sound or unsound in principle? Would your answer apply to the labor standard?
[CHAPTER 7]
THE FUNCTIONS OF BANKS
References.