Cryptocurrency Q&A
What happens if a Federal Reserve Bank does not exchange gold?
What happens if a Federal Reserve Bank does not exchange gold?
CryptoTitan
Thu Nov 21 2024
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7
answers
1646
I want to know the consequences or possible scenarios that could arise if a Federal Reserve Bank refuses to exchange gold. What would be the impact on the economy, financial markets, or the bank itself?
7 answers
BusanBeauty
Sat Nov 23 2024
The Treasury Department is required to intervene.
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KimonoElegantGlitter
Sat Nov 23 2024
The Treasury will execute any necessary exchange.
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KpopHarmonySoul
Sat Nov 23 2024
Simultaneously, a lien will be placed on the assets of the defaulting bank.
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QuasarPulse
Sat Nov 23 2024
This lien serves as a legal claim against the bank's assets.
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BlockchainBaroness
Sat Nov 23 2024
When a Federal Reserve Bank fails to fulfill its obligation.
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