2. 考研
  3. no longer differs issuing A. Good money (62)______from bad money B. make a profit in coinage by (63)______coins C. Silver coins

no longer differs issuing A. Good money (62)______from bad money B. make a profit in coinage by (63)______coins C. Silver coins

admin2014-03-15  81
问题 no longer differs issuing
A. Good money (62)______from bad money
B. make a profit in coinage by (63)______coins
C. Silver coins are (64)______in circulation
    Less than 40 years ago in the United States, it was common to change a one-dollar bill for a dollar’s worth of silver. That is because the coins were actually made of silver. But those days are gone. There is no silver in today’ s coins. When the price of the precious metal rises above its face value as money, the metal will become more valuable in other uses. (65)______because the silver in coins is worth much more than their face value. A silver firm could find that it is cheaper to obtain silver by melting down coins than by buying it on the commodity markets. Coins today are made of an alloy of cheaper metals.
    Gresham’ s Law, named after Sir Thomas Gresham, argues that "good money" is driven out of circulation by "bad money" . (66)______because it has higher commodity value.
    Gresham lived in the 16th century in England where it was common for gold and silver coins to be debased. Governments did this by mixing cheaper metals with gold and silver. The governments could thus (67)______that had less precious metal than the face value indicated.
    Because different mixings of coins had different amounts of gold and silver, even though they bore the same face value, some coins were worth more than others as commodities. People who dealt with gold and silver could easily see the difference between the " good" and the " bad money. Gresham observed that coins with a higher content of gold and silver were kept rather than being used in exchange, or were melted down for their precious metal. In the mid-1960s when the U.S. issued new coins to replace silver coins, Gresham’ s law went right in action.
选项
答案B
解析 空格前一句的意思为：政府将廉价的金属和金银混合在一起降低钱币成色。空格后一句的意思为：因为混合方法不同，金银含量也不同，因此即便钱币上标识的面值一样，有些钱币也比其他的钱币商品价值高。故空格所在句的意思应为：这样，政府就可以通过发行珍贵金属含量低于面值的钱币获取利益。所以，B项符合题意。
转载请注明原文地址:https://kaotiyun.com/show/SNhi777K
0

在职申硕（同等学力）英语

相关试题推荐
随机试题
最新回复(0)