id stringlengths 24 24 | question stringlengths 1 270 | answer stringlengths 1 239 | documents listlengths 1 1 |
|---|---|---|---|
5709b503200fba140036828b | What is the official version of "In God We Trust" printed on the coins? | E Pluribus Unum | [
"United_States_dollar\n\nIn February 2007, the U.S. Mint, under the Presidential $1 Coin Act of 2005, introduced a new $1 U.S. Presidential dollar coin. Based on the success of the \"50 State Quarters\" series, the new coin features a sequence of presidents in order of their inaugurations, starting with George Wash... |
5709b503200fba140036828c | Which inscription was eliminated due to the Statue of Liberty being added to the coin? | "Liberty" | [
"United_States_dollar\n\nIn February 2007, the U.S. Mint, under the Presidential $1 Coin Act of 2005, introduced a new $1 U.S. Presidential dollar coin. Based on the success of the \"50 State Quarters\" series, the new coin features a sequence of presidents in order of their inaugurations, starting with George Wash... |
5709b503200fba140036828d | Which President will have two coins with his portrait on it? | Grover Cleveland | [
"United_States_dollar\n\nIn February 2007, the U.S. Mint, under the Presidential $1 Coin Act of 2005, introduced a new $1 U.S. Presidential dollar coin. Based on the success of the \"50 State Quarters\" series, the new coin features a sequence of presidents in order of their inaugurations, starting with George Wash... |
5709b61eed30961900e84444 | Who can create "new high-powered money"? | Federal Reserve | [
"United_States_dollar\n\nWhen the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash ... |
5709b61eed30961900e84445 | Who does the Federal Reserve have to place an order with for printed money? | U.S. Treasury Department | [
"United_States_dollar\n\nWhen the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash ... |
5709b61eed30961900e84446 | Which organization stamps coins? | Bureau of the Mint | [
"United_States_dollar\n\nWhen the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash ... |
5709b61eed30961900e84447 | Which Bureau prints new dollars? | Engraving and Printing | [
"United_States_dollar\n\nWhen the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash ... |
5709b61eed30961900e84448 | Who can freely withdraw from their reserve accounts at the Federal Reserve? | Commercial banks | [
"United_States_dollar\n\nWhen the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash ... |
5709ba58200fba1400368293 | During which times does the value of the dollar typically decline? | wartime | [
"United_States_dollar\n\nThe value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an \"elastic\" currency subject to \"substantial changes of quantity over ... |
5709ba58200fba1400368294 | When was the Federal Reserve established? | 1913 | [
"United_States_dollar\n\nThe value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an \"elastic\" currency subject to \"substantial changes of quantity over ... |
5709ba58200fba1400368295 | What was the Federal Reserve designed to furnish? | an "elastic" currency | [
"United_States_dollar\n\nThe value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an \"elastic\" currency subject to \"substantial changes of quantity over ... |
5709ba58200fba1400368296 | What had previously kept prices stable? | gold standard | [
"United_States_dollar\n\nThe value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an \"elastic\" currency subject to \"substantial changes of quantity over ... |
5709ba58200fba1400368297 | How much did the US prices deflate in the 1930s? | 30% | [
"United_States_dollar\n\nThe value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an \"elastic\" currency subject to \"substantial changes of quantity over ... |
5709bb3ded30961900e84458 | What would zero inflation mean for the US dollar over time? | constant value | [
"United_States_dollar\n\nThere is ongoing debate about whether central banks should target zero inflation (which would mean a constant value for the U.S. dollar over time) or low, stable inflation (which would mean a continuously but slowly declining value of the dollar over time, as is the case now). Although some... |
5709bb3ded30961900e84459 | What would result in a slow declining of the value of the dollar over time? | low, stable inflation | [
"United_States_dollar\n\nThere is ongoing debate about whether central banks should target zero inflation (which would mean a constant value for the U.S. dollar over time) or low, stable inflation (which would mean a continuously but slowly declining value of the dollar over time, as is the case now). Although some... |
5709bb3ded30961900e8445a | Who is in favor of a zero inflation policy? | some economists | [
"United_States_dollar\n\nThere is ongoing debate about whether central banks should target zero inflation (which would mean a constant value for the U.S. dollar over time) or low, stable inflation (which would mean a continuously but slowly declining value of the dollar over time, as is the case now). Although some... |
5709bb3ded30961900e8445b | A zero inflation policy would limit who's influence and ability to react? | central bank | [
"United_States_dollar\n\nThere is ongoing debate about whether central banks should target zero inflation (which would mean a constant value for the U.S. dollar over time) or low, stable inflation (which would mean a continuously but slowly declining value of the dollar over time, as is the case now). Although some... |
5709bb3ded30961900e8445c | With a zero inflation rate, what would the central bank be unable to do other than control interest rates? | stimulate the economy | [
"United_States_dollar\n\nThere is ongoing debate about whether central banks should target zero inflation (which would mean a constant value for the U.S. dollar over time) or low, stable inflation (which would mean a continuously but slowly declining value of the dollar over time, as is the case now). Although some... |
5709bd0d200fba140036829d | What is "dollars" a reference to? | the Spanish milled dollar | [
"United_States_dollar\n\nThe word \"dollar\" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, \"dollars\" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress ... |
5709bd0d200fba140036829e | How much value did a Spanish milled dollar have in relation to Spanish units of currency? | 8 Spanish units | [
"United_States_dollar\n\nThe word \"dollar\" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, \"dollars\" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress ... |
5709bd0d200fba140036829f | How much value was one dollar meant to be equivalent to? | a Spanish milled dollar | [
"United_States_dollar\n\nThe word \"dollar\" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, \"dollars\" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress ... |
5709bd0d200fba14003682a0 | How many grains of standard silver were meant to be in a single dollar? | four hundred and sixteen | [
"United_States_dollar\n\nThe word \"dollar\" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, \"dollars\" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress ... |
5709bd0d200fba14003682a1 | How many grains of pure silver were meant to be in a single dollar? | three hundred and seventy-one | [
"United_States_dollar\n\nThe word \"dollar\" is one of the words in the first paragraph of Section 9 of Article 1 of the U.S. Constitution. In that context, \"dollars\" is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U.S. Congress ... |
5709c0e6ed30961900e84462 | What is a "grand" sometimes shortened to? | "G" | [
"United_States_dollar\n\nA \"grand\", sometimes shortened to simply \"G\", is a common term for the amount of $1,000. The suffix \"K\" or \"k\" (from \"kilo-\") is also commonly used to denote this amount (such as \"$10k\" to mean $10,000). However, the $1,000 note is no longer in general use. A \"large\" or \"stac... |
5709c0e6ed30961900e84463 | What is another term other than "large" that means a stack of mutiple thousands? | "stack" | [
"United_States_dollar\n\nA \"grand\", sometimes shortened to simply \"G\", is a common term for the amount of $1,000. The suffix \"K\" or \"k\" (from \"kilo-\") is also commonly used to denote this amount (such as \"$10k\" to mean $10,000). However, the $1,000 note is no longer in general use. A \"large\" or \"stac... |
5709c0e6ed30961900e84464 | What is a "C-note" a reference to? | the Roman numeral for 100 | [
"United_States_dollar\n\nA \"grand\", sometimes shortened to simply \"G\", is a common term for the amount of $1,000. The suffix \"K\" or \"k\" (from \"kilo-\") is also commonly used to denote this amount (such as \"$10k\" to mean $10,000). However, the $1,000 note is no longer in general use. A \"large\" or \"stac... |
5709c0e6ed30961900e84465 | Which note is occasionally called a "yardstick"? | $50 | [
"United_States_dollar\n\nA \"grand\", sometimes shortened to simply \"G\", is a common term for the amount of $1,000. The suffix \"K\" or \"k\" (from \"kilo-\") is also commonly used to denote this amount (such as \"$10k\" to mean $10,000). However, the $1,000 note is no longer in general use. A \"large\" or \"stac... |
5709c0e6ed30961900e84466 | What is another term for "bigface" notes? | Monopoly money | [
"United_States_dollar\n\nA \"grand\", sometimes shortened to simply \"G\", is a common term for the amount of $1,000. The suffix \"K\" or \"k\" (from \"kilo-\") is also commonly used to denote this amount (such as \"$10k\" to mean $10,000). However, the $1,000 note is no longer in general use. A \"large\" or \"stac... |
5709c16bed30961900e8446c | What defined the US dollar? | Coinage Act of 1792 | [
"United_States_dollar\n\nThe U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a \"dollar\" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an \"eagle\" to be 247 and 4 ei... |
5709c16bed30961900e8446d | What was the dollar based on? | the Spanish milled dollar | [
"United_States_dollar\n\nThe U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a \"dollar\" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an \"eagle\" to be 247 and 4 ei... |
5709c16bed30961900e8446e | How many grams of gold roughly were in an eagle? | 17 | [
"United_States_dollar\n\nThe U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a \"dollar\" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an \"eagle\" to be 247 and 4 ei... |
5709c16bed30961900e8446f | Who made the decision to base the American Unit on the weight on the Spanish dollar? | Alexander Hamilton | [
"United_States_dollar\n\nThe U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a \"dollar\" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an \"eagle\" to be 247 and 4 ei... |
5709c16bed30961900e84470 | What was the average weight of a new Spanish dollar in terms of grains? | 377 | [
"United_States_dollar\n\nThe U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a \"dollar\" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an \"eagle\" to be 247 and 4 ei... |
5709c220ed30961900e84476 | What is specifically produced for collectors? | Proof Sets | [
"United_States_dollar\n\nThe United States Mint produces Proof Sets specifically for collectors and speculators. Silver Proofs tend to be the standard designs but with the dime, quarter, and half dollar containing 90% silver. Starting in 1983 and ending in 1997, the Mint also produced proof sets containing the year... |
5709c220ed30961900e84477 | What is the percentage of silver in coins in the Silver Proofs? | 90% | [
"United_States_dollar\n\nThe United States Mint produces Proof Sets specifically for collectors and speculators. Silver Proofs tend to be the standard designs but with the dime, quarter, and half dollar containing 90% silver. Starting in 1983 and ending in 1997, the Mint also produced proof sets containing the year... |
5709c220ed30961900e84478 | When did the Mint being producing proof sets? | 1983 | [
"United_States_dollar\n\nThe United States Mint produces Proof Sets specifically for collectors and speculators. Silver Proofs tend to be the standard designs but with the dime, quarter, and half dollar containing 90% silver. Starting in 1983 and ending in 1997, the Mint also produced proof sets containing the year... |
5709c220ed30961900e84479 | Other than the Silver Proof set, what other type of Proof set exists? | Presidential Dollar Proof Set | [
"United_States_dollar\n\nThe United States Mint produces Proof Sets specifically for collectors and speculators. Silver Proofs tend to be the standard designs but with the dime, quarter, and half dollar containing 90% silver. Starting in 1983 and ending in 1997, the Mint also produced proof sets containing the year... |
5709c220ed30961900e8447a | When was the production of Presidential dollar coins suspended? | December 13, 2011 | [
"United_States_dollar\n\nThe United States Mint produces Proof Sets specifically for collectors and speculators. Silver Proofs tend to be the standard designs but with the dime, quarter, and half dollar containing 90% silver. Starting in 1983 and ending in 1997, the Mint also produced proof sets containing the year... |
5709c30f200fba14003682bb | What dictates that a receipt for expenditures of all public money must be published? | The Constitution | [
"United_States_dollar\n\nThe Constitution provides that \"a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time\". That provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported ... |
5709c30f200fba14003682bc | Which section specifically states that receipts for public money must be published? | Section 331 | [
"United_States_dollar\n\nThe Constitution provides that \"a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time\". That provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported ... |
5709c30f200fba14003682bd | Which currency are the sums of money in the "Statements" displayed in? | U.S. dollars | [
"United_States_dollar\n\nThe Constitution provides that \"a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time\". That provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported ... |
5709c30f200fba14003682be | What is the unit of account of the United States? | U.S. dollar | [
"United_States_dollar\n\nThe Constitution provides that \"a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time\". That provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported ... |
5709c3b3200fba14003682cd | What is the highest currently printed denomination of bill? | $100 | [
"United_States_dollar\n\nCurrently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latte... |
5709c3b3200fba14003682ce | In which year were notes valued above $100 no longer printed? | 1946 | [
"United_States_dollar\n\nCurrently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latte... |
5709c3b3200fba14003682cf | When were bills above the $100 denomination withdrawn from circulation? | 1969 | [
"United_States_dollar\n\nCurrently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latte... |
5709c3b3200fba14003682d0 | What use of higher value bills prompted Nixon to halt the use of said bills? | organized crime | [
"United_States_dollar\n\nCurrently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latte... |
5709c3b3200fba14003682d1 | What was issued to halt the use of higher currency denomations? | an executive order | [
"United_States_dollar\n\nCurrently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latte... |
5709c499ed30961900e84480 | What is the British equivalent of a "buck"? | quid | [
"United_States_dollar\n\nThe colloquialism \"buck\"(s) (much like the British word \"quid\"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade. It may also have ori... |
5709c499ed30961900e84481 | In which century can the term "buck" be traced back to? | 18th | [
"United_States_dollar\n\nThe colloquialism \"buck\"(s) (much like the British word \"quid\"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade. It may also have ori... |
5709c499ed30961900e84482 | What kind of trade may have been the origin of the "buck"? | colonial leather trade | [
"United_States_dollar\n\nThe colloquialism \"buck\"(s) (much like the British word \"quid\"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade. It may also have ori... |
5709c499ed30961900e84483 | What was the nickname given to the Demand Note dollars that were used to finance the Civil War? | Greenback | [
"United_States_dollar\n\nThe colloquialism \"buck\"(s) (much like the British word \"quid\"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade. It may also have ori... |
5709c499ed30961900e84484 | What color other than green was used on the backside of the original note? | black | [
"United_States_dollar\n\nThe colloquialism \"buck\"(s) (much like the British word \"quid\"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade. It may also have ori... |
5709cbff6d058f1900182bae | What was the value of the U.S. dollar no longer anchored to? | gold | [
"United_States_dollar\n\nThe value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. do... |
5709cbff6d058f1900182baf | Who's duty did it become to maintain the value of the U.S. currency? | Federal Reserve | [
"United_States_dollar\n\nThe value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. do... |
5709cbff6d058f1900182bb0 | What move did the Federal Reserve take that resulted in stagflation and the decline of the U.S. dollar? | increase the money supply | [
"United_States_dollar\n\nThe value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. do... |
5709cbff6d058f1900182bb1 | What claimed that inflation and economic growth were linked? | the Phillips curve | [
"United_States_dollar\n\nThe value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. do... |
5709cbff6d058f1900182bb2 | How much value did the U.S. dollar lose between 1965 and 1981? | two thirds | [
"United_States_dollar\n\nThe value of the U.S. dollar was therefore no longer anchored to gold, and it fell upon the Federal Reserve to maintain the value of the U.S. currency. The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. do... |
5709cc734103511400d59446 | What was the look of the dollar based on? | Spanish dollar | [
"United_States_dollar\n\nThe dollar was first based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and... |
5709cc734103511400d59447 | In which century did the Spanish dollar start being used in Spanish America? | 16th | [
"United_States_dollar\n\nThe dollar was first based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and... |
5709cc734103511400d59448 | When was the United States Mint founded? | 1792 | [
"United_States_dollar\n\nThe dollar was first based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and... |
5709cc734103511400d59449 | Outside of Mexico, where else was the Spanish dollar minted? | Peru | [
"United_States_dollar\n\nThe dollar was first based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and... |
5709cc734103511400d5944a | When were the Spanish dollar and Mexican peso no longer accepted as legal tender? | 1857 | [
"United_States_dollar\n\nThe dollar was first based on the value and look of the Spanish dollar, used widely in Spanish America from the 16th to the 19th centuries. The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar, minted in Mexico and... |
5709d8514103511400d59480 | What was the name of the act introduced in the year 1900? | Gold Standard Act | [
"United_States_dollar\n\nThe Gold Standard Act of 1900 abandoned the bimetallic standard and defined the dollar as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation until 1964, when all silver was removed from dimes... |
5709d8514103511400d59481 | How much gold in grams was one dollar equivalent to? | 1.505 | [
"United_States_dollar\n\nThe Gold Standard Act of 1900 abandoned the bimetallic standard and defined the dollar as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation until 1964, when all silver was removed from dimes... |
5709d8514103511400d59482 | How much was 1 troy ounce of gold worth? | $20.67 | [
"United_States_dollar\n\nThe Gold Standard Act of 1900 abandoned the bimetallic standard and defined the dollar as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation until 1964, when all silver was removed from dimes... |
5709d8514103511400d59483 | Which year brought the end to silver being in dimes and quarters? | 1964 | [
"United_States_dollar\n\nThe Gold Standard Act of 1900 abandoned the bimetallic standard and defined the dollar as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation until 1964, when all silver was removed from dimes... |
5709d8514103511400d59484 | Which President confiscated gold coins? | Franklin Roosevelt | [
"United_States_dollar\n\nThe Gold Standard Act of 1900 abandoned the bimetallic standard and defined the dollar as 23.22 grains (1.505 g) of gold, equivalent to setting the price of 1 troy ounce of gold at $20.67. Silver coins continued to be issued for circulation until 1964, when all silver was removed from dimes... |
5709dce26d058f1900182bdc | Where did error coins originate? | Philadelphia mint | [
"United_States_dollar\n\nEarly releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the e... |
5709dce26d058f1900182bdd | Other than Florida, which other state got send error coins? | Tennessee | [
"United_States_dollar\n\nEarly releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the e... |
5709dce26d058f1900182bde | How much were error coins initially worth for collectors? | profit | [
"United_States_dollar\n\nEarly releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the e... |
5709dce26d058f1900182bdf | What were some amateur collectors duped into buying? | "upside down lettering error" coins | [
"United_States_dollar\n\nEarly releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the e... |
5709dce26d058f1900182be0 | What do vending machines commonly only accept? | $1 bills | [
"United_States_dollar\n\nEarly releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the e... |
5709de964103511400d5948a | What power was Congress given by the Constitution? | borrow money on the credit of the United States | [
"United_States_dollar\n\nThe U.S. Constitution provides that Congress shall have the power to \"borrow money on the credit of the United States\". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are \"obligations of the United States\" and \"shall b... |
5709de964103511400d5948b | What did Congress authorize the Federal Reserve Banks to do? | issue Federal Reserve Notes | [
"United_States_dollar\n\nThe U.S. Constitution provides that Congress shall have the power to \"borrow money on the credit of the United States\". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are \"obligations of the United States\" and \"shall b... |
5709de964103511400d5948c | What are the notes issued by the Federal Reserve? | obligations of the United States | [
"United_States_dollar\n\nThe U.S. Constitution provides that Congress shall have the power to \"borrow money on the credit of the United States\". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are \"obligations of the United States\" and \"shall b... |
5709de964103511400d5948d | Where, other than any Federal Reserve bank, can notes be redeemed? | Washington, District of Columbia | [
"United_States_dollar\n\nThe U.S. Constitution provides that Congress shall have the power to \"borrow money on the credit of the United States\". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are \"obligations of the United States\" and \"shall b... |
5709de964103511400d5948e | Since the 1970s, what is the only type of note that has remained in circulation? | Federal Reserve Note | [
"United_States_dollar\n\nThe U.S. Constitution provides that Congress shall have the power to \"borrow money on the credit of the United States\". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are \"obligations of the United States\" and \"shall b... |
5709e0746d058f1900182be6 | What is the short term goal of open market operations? | achieve a specific short-term interest rate target | [
"United_States_dollar\n\nUsually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the... |
5709e0746d058f1900182be7 | What does the Federal Reserve target? | federal funds rate | [
"United_States_dollar\n\nUsually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the... |
5709e0746d058f1900182be8 | What is the federal funds rate? | the rate at which member banks lend to one another overnight | [
"United_States_dollar\n\nUsually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the... |
5709e0746d058f1900182be9 | What is the cajoling of certain market players to achieve specified outcomes also known as? | Moral suasion | [
"United_States_dollar\n\nUsually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the... |
5709e0746d058f1900182bea | What does "open mouth operations" mean? | talking monetary policy with the market | [
"United_States_dollar\n\nUsually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the... |
5709e2fb6d058f1900182bf0 | When was the Bretton Woods system established? | after World War II | [
"United_States_dollar\n\nUnder the Bretton Woods system established after World War II, the value of gold was fixed to $35 per ounce, and the value of the U.S. dollar was thus anchored to the value of gold. Rising government spending in the 1960s, however, led to doubts about the ability of the United States to mai... |
5709e2fb6d058f1900182bf1 | What was the fixed value of gold? | $35 per ounce | [
"United_States_dollar\n\nUnder the Bretton Woods system established after World War II, the value of gold was fixed to $35 per ounce, and the value of the U.S. dollar was thus anchored to the value of gold. Rising government spending in the 1960s, however, led to doubts about the ability of the United States to mai... |
5709e2fb6d058f1900182bf2 | What was the value of the U.S. dollar linked to? | the value of gold | [
"United_States_dollar\n\nUnder the Bretton Woods system established after World War II, the value of gold was fixed to $35 per ounce, and the value of the U.S. dollar was thus anchored to the value of gold. Rising government spending in the 1960s, however, led to doubts about the ability of the United States to mai... |
5709e2fb6d058f1900182bf3 | What did banks and investors do that devalued the dollar? | convert dollars to gold | [
"United_States_dollar\n\nUnder the Bretton Woods system established after World War II, the value of gold was fixed to $35 per ounce, and the value of the U.S. dollar was thus anchored to the value of gold. Rising government spending in the 1960s, however, led to doubts about the ability of the United States to mai... |
5709e2fb6d058f1900182bf4 | In which year was gold convertability terminated? | 1971 | [
"United_States_dollar\n\nUnder the Bretton Woods system established after World War II, the value of gold was fixed to $35 per ounce, and the value of the U.S. dollar was thus anchored to the value of gold. Rising government spending in the 1960s, however, led to doubts about the ability of the United States to mai... |
5709e5ca6d058f1900182c04 | What kind of money is the U.S. dollar? | fiat money | [
"United_States_dollar\n\nThe U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the... |
5709e5ca6d058f1900182c05 | Although for some countries the dollar is not their official currency, how do they use the currency? | de facto currency | [
"United_States_dollar\n\nThe U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the... |
5709e5ca6d058f1900182c06 | Other than the British Virgin Islands, what other area in the Caribbean uses the dollar as it's sole currency? | Turks and Caicos islands | [
"United_States_dollar\n\nThe U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the... |
5709e5ca6d058f1900182c07 | For countries that use the dollar as their paper currency, what other currency do they make? | mints its own coins | [
"United_States_dollar\n\nThe U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the... |
5709e5ca6d058f1900182c08 | What is an example of a U.S. coin that can be used as payment in some countries? | Susan B. Anthony dollar | [
"United_States_dollar\n\nThe U.S. dollar is fiat money. It is the currency most used in international transactions and is the world's most dominant reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the... |
5709e6f06d058f1900182c0e | What are dollar notes made from now adays? | cotton fiber paper | [
"United_States_dollar\n\nToday, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve. Th... |
5709e6f06d058f1900182c0f | What is most common paper made of? | wood fiber | [
"United_States_dollar\n\nToday, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve. Th... |
5709e6f06d058f1900182c10 | Since 1914, who issues the dollar banknotes? | Federal Reserve | [
"United_States_dollar\n\nToday, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve. Th... |
5709e6f06d058f1900182c11 | How long do the current notes measure? | 6.14 inches | [
"United_States_dollar\n\nToday, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve. Th... |
5709e6f06d058f1900182c12 | What size currency are the new smaller notes similar to? | Philippine | [
"United_States_dollar\n\nToday, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. U.S. coins are produced by the United States Mint. U.S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by the Federal Reserve. Th... |
5709e96a4103511400d5949c | When was the Mint Act passed? | 1792 | [
"United_States_dollar\n\nFrom 1792, when the Mint Act was passed, the dollar was defined as 371.25 grains (24.056 g) of silver. Many historians[who?] erroneously assume gold was standardized at a fixed rate in parity with silver; however, there is no evidence of Congress making this law. This has to do with Alexand... |
5709e96a4103511400d5949d | How many grains of silver did the Mint Act define the dollar as? | 371.25 | [
"United_States_dollar\n\nFrom 1792, when the Mint Act was passed, the dollar was defined as 371.25 grains (24.056 g) of silver. Many historians[who?] erroneously assume gold was standardized at a fixed rate in parity with silver; however, there is no evidence of Congress making this law. This has to do with Alexand... |
5709e96a4103511400d5949e | Who suggested that the ratio of silver to gold should be fixed? | Alexander Hamilton | [
"United_States_dollar\n\nFrom 1792, when the Mint Act was passed, the dollar was defined as 371.25 grains (24.056 g) of silver. Many historians[who?] erroneously assume gold was standardized at a fixed rate in parity with silver; however, there is no evidence of Congress making this law. This has to do with Alexand... |
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