Question

What was the purpose of Executive Order 6102?

A: to encourage people to hoard paper money instead of gold

B: to allow the U.S. central bank to print more paper money

C: to refill the U.S. central bank's shrinking supply of gold

Answer 1

Option A

Step-by-step explanation:

As per the Executive Order 6102, all American citizens were restricted from trading in gold coins or jewelry till 1975 . After 1975 American were again allowed to trade in Gold.

The executive order required them to give a small amount of gold in the form of coin or certificate to government in exchange of $20.67 per troy ounce

Hence, option A is correct