6. Does gold cost the day-laborer as much in California as in New York?
7. What are the principal things besides money uses that cause a demand for gold and silver?
8. The mint price of an ounce of gold, .900 fine, is alike at San Francisco and Philadelphia, $18.604. Why is gold ever shipped from California to New York?
9. Give examples of things that increase the demand for money.
10. Note any habits of friends that result in their carrying more or less money than others of the same income.
11. What determines the amount of money needed by different persons, towns, states, and nations?
12. When goods are exchanged for money or money for goods, what is the gain?
13. On an isolated island would it make any difference as to the value of money if there were but one gold-mine or several competing ones, supposing that the output were the same?
Chapter 46. Token Coinage and Government Paper Money
1. Define legal-tender as applied to money. What is meant by fiat money?