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Question
- what problem did the continental congresss printing of large amounts of currency during the revolution cause?
a. it increased foreign investment.
b. it caused rampant inflation.
c. it strengthened the continental dollar.
d. it reduced government debt.
according to the video, which role is not listed as a typical function of a modern central bank?
The question asks about the problem caused by the Continental Congress printing large amounts of currency during the Revolutionary War. Printing excessive currency devalues it, leading to inflation. Increased foreign investment, strengthening the dollar, and reducing government debt are not effects of overprinting; overprinting weakens currency and can worsen debt.
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b. It caused rampant inflation.