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  3. Did you examine your paper money closely? See if you can locate a $5, $10, or $20 bill printed before 1964 and marked "Federal R

Did you examine your paper money closely? See if you can locate a $5, $10, or $20 bill printed before 1964 and marked "Federal R

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问题    Did you examine your paper money closely? See if you can locate a $5, $10, or $20 bill printed before 1964 and marked "Federal Reserve Note" over the portrait. In the upper-left portion above the seal, a statement written in fine print says that the note is legal tender (法定货币) and that "it is redeemable (可兑现的)in lawful money at the United States Treasury (美国财政部) or at any Federal Reserve Bank (联邦储备银行). " Does this mean that the bill is not lawful? At the bottom center the same bill says, " Will pay to the bearer on demand X dollars. " Does this mean that your X-dollar bill is not X dollars?
   Much confusion exists about the real nature of money. Many people think that money has no value unless it is backed by gold or silver. They think that the Federal Reserve note is only a symbol for money, and that real money is the metal backing the note. Some people look on money as wealth and believe that it must have intrinsic value.
   If we were to study the history of money, we would find that in different places and at different times a variety of things have been used as money. Cattle, shell, beads (珠子) , tobacco leaves, and various metals—including iron, zinc (锌) , bronze (青铜) , and copper—have all been used as a basis of exchange. The precious metals, particularly silver and gold, have proved most satisfactory for this purpose and have been most commonly used in modern times.
   Until early 1968, the United States backed its Federal Reserve notes with 25 percent gold, but this did not mean that citizens could use gold as money or convert paper dollars to gold. Clearly, it is not what money is but what it does that is important.
What is the meaning of the underlined word "precious"?
选项 A、invaluable
B、valueless
C、miserable
D、worthless
答案A
解析 从画线词下文“particularly silver and gold”可推测“precious”指的是“贵重的”意思。invaluable极宝贵的；valueless不值钱的；miserable痛苦的；worthless没有价值的。故选A。
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