Why would the banks in the United States in the mid-1800s have used a gold and silver standard? Select the best answer from the choices provided.
OA. People would not trust paper money if it were not backed up by something that had real value.
OB. It was more secure against theft than paper money because it welghed too much for a thief to carry away.
OC. The gold rush and some rich silver mines meant there was a lot of gold and silver available.
OD Federal law required that all money had to be backed by gold and silver.