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Following the civil war, the amount of currencies issued by state banks decreased due to __________. a. fewer loans b. heavy taxes c. a shortage of paper d. increased competition

Sagot :

marvineetesh3

The amount of currency issued by state banks dropped following the civil war due to the heavy taxes. Option b is correct.

What is currency?

A currency is a form of money that also serves as a medium of exchange.

Paper, cotton, or plastic banknotes, as well as metallic coins, are varieties of currency.

Although some states exchange currencies with other states, states generally have a monopolies on currency issuing.

At the time of civil war, the amount of issue of the currency decreased due to the amount of huge Texas, as the Texas were more, the people decreased their purchased.

As a result, there was the deficiency in the currency.

Therefore, option b is correct.

To learn more about the currency, refer to:

https://brainly.com/question/14372075

Answer:

Your answer is B

Explanation:

I took the quiz

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