Question

Bankers supported deflation because this policy would

a. increase the money supply.
b. end the gold standard.
c. increase the value of money.
d. enable farmers to pay off their debts.

Answer 1

The answer is C. increase the value of money.

Step-by-step explanation:

took the quiz on e2020 and got it right.

Answer 2

Bankers supported deflation because this policy would "c. increase the value of money" since there would be less money in circulation.