首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
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 b
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 b
admin
2010-06-10
62
问题
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. Silver coins are no longer in circulation 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". Good money differs from bad money 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 make a profit in coinage by issuing coins 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 "had" 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.
Today’s coins in the United States are made of______.
选项
A、some precious metals
B、silver and some precious metals
C、various expensive metals
D、some inexpensive metals
答案
D
解析
推论题。(Line 7,Para.1)(Coins today are made of an alloy of cheaper metals.今天的硬币是由一些便宜的金属合金制成的。
转载请注明原文地址:https://kaotiyun.com/show/Ctsa777K
本试题收录于:
MBA联考(英语)题库专业硕士分类
0
MBA联考(英语)
专业硕士
相关试题推荐
有效市场假说(EfficientMarketHypothesis,EMH)
WhenThomasKeller,oneofAmerica’sforemostchefs,announcedthatonSept.1hewouldabolishthepracticeoftippingatPerS
In1991,whiletheeconomiesofindustrializedcountriesmetaneconomic______,theeconomiesofdevelopingcountriesweregro
TheChinaboomisbynowawell-documentedphenomenon.Whohasn’t【1】theMiddleKingdom’sastoundingeconomicgrowth(8percenta
Ourmanageris______animportantcustomernowandhewillbebackthisafternoon.
It’swonderfulhoweveryoneagrees(orfearstodisagree)thatgeneticdiscriminationisabadthing.Yourgenesarebeyondyour
Inrecentyears,Israeliconsumershavegrownmoredemandingasthey’vebecomewealthierandmoreworldly-wise.Foreigntraveli
Fortyyearsago,ahistoricdocumentwassignedinRomethatwastochangetheeconomicoutlookandthefutureofmanycountries
Amajorreasonforconflictintheanimalworldisterritory.Themaleanimal【1】anarea.Thesizeoftheareaissufficienttop
Thechiefproblemincopingwithforeignmotoristsisnotsomuchrememberingthattheyaredifferentfromyou,butthatthey
随机试题
细菌性肺炎抗生素治疗48~72小时后,一般不用于作为评价抗生素治疗是否有效的指标是
致密性试验的方法有________。
在商品流通领域中,货币的运动过程有哪些特殊方式和独特之处?
3岁儿童点隙裂沟龋占牙面患龋总数的
对癫痫病人进行健康教育,下列不正确的是
根据企业所得税的规定,以下表述中正确的有()。该公司境内生产经营所得应纳税所得额()万元。
开展著作权贸易时,应遵循的原则不包括()。
从所给的四个选项中,选择最合适的一个填入问号处,使之呈现一定的规律性:
摆设:陈设
根据下面材料回答问题。2014年1--5月,我国软件和信息技术服务业实现软件业务收入约13254亿元,同比增长20.9%,比去年同期回落3.3个百分点。其中,软件产品完成收入4141亿元,信息系统集成服务完成收入2649.3亿元,信息技术咨询服务
最新回复
(
0
)