What did Law predict would happen if paper money

was introduced to the French economy?

O He feared that the economy would remain in a

depressed state.

He believed that businesses would grow and more

money would circulate.

O He stated that paper money would not be tied to the

country's gold and silver.

O He worried that it would increase commerce, but

also expand the government's debt.

THE ANSWER IS B "he believed that businesses would grow and more money would circulate"

John Law was Scottish economist, who introduced the use of paper money to the French economy. The time when paper money was introduced by Law, French government was in debts. It was John Law's idea to the French Government to allow him to open a Bank which will issue paper notes or currency in the market. Law opened a bank named the Bank Generale.

John Law believed and predicted that if the government will bring paper notes or currency in the market, the economy of France will grow as paper money will ensure money circulation in the market.

So, the correct option is B.

laiii1 laiii1 · Answer 2 · 2021-09-16T19:15:29+02:00

laiii1 laiii1

16-09-2021

Answer:

B : He believed that businesses would grow and more money would circulate

Explanation:

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