Types of money used by colonists included all of the following except
A) gold and silver coins.
B) bills of exchange.
C) bills of credit.
D) government-issued fiat currency.

Question

Quizplus · Accepted Answer

Colonial economies primarily used gold and silver coins, bills of exchange, and bills of credit for transactions. Government-issued fiat currency, which is money that a government declares to be legal tender but is not backed by a physical commodity, was not a common feature in colonial economies.

Types of Money Used by Colonists Included All of the Following