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
2016-06-22
52
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 "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.
What is the Gresham’s Law according to the passage?
选项
A、Coins with a higher content of silver drove the coins with a lower content of silver out of circulation.
B、Good money was kept and "bad money" was used in exchange.
C、Bad money should be melted down.
D、Good money has a higher face value.
答案
B
解析
参照本文第2段,可知“‘良币’被‘劣币’”驱逐出流通领域,再参照第3段的倒数第二句话,“格雷欣观察到了金银含量高的钱币更多地被保存了下来,而不是用来交换,或者被熔化以提取贵重金属”,因此可以综合推断出,B项是正确的。
转载请注明原文地址:https://kaotiyun.com/show/OqQi777K
0
在职申硕(同等学力)英语
相关试题推荐
AlthoughthepoliceAaregivenconsiderableauthoritybysocietytoenforceBitslaws,theygetarelativelylowsalaryascompa
What’syourearliestchildhoodmemory?Canyourememberlearningtowalk?Ortalk?Thefirsttimeyou【C1】______thunderorwatche
What’syourearliestchildhoodmemory?Canyourememberlearningtowalk?Ortalk?Thefirsttimeyou【C1】______thunderorwatche
Insomeways,theUnitedStateshasmadespectacularprogress.Firesnolongerdestroy18,000buildingsastheydidintheGreat
Ifacatcomestooclosetoitsnest,themockingbirdinitiatesasetofactionstoprotectitsoffspring.
PersonalityinAmericansisfurthercomplicatedbysuccessivewavesofimmigrationfromvariouscountries.
WillAmericansgoforAT&T’splanofpushingthewirelessservicesintheU.S.?
CaliforniahasanewprogramcalledtheDigitalTextbookInitiative."Startingthisfallwithhighschoolmathandscience,wew
AttheUniversityofCaliforniaatLosAngeles(UCLA),astudentloadedhisclassnotesintoahandhelde-maildeviceandtried
随机试题
多项目集成管理中,采用项目群管理方式有利于()
投保人办理建筑意外伤害保险的投保手续后,应将投保有关信息以()的方式告诉被保险人。
建设工程项目总概算是确定整个建设工程项目从筹建开始到竣工验收、交付使用所需的全部费用的文件,它是由()等汇总编制而成。
甲30岁,因患精神疾病完全丧失辨识能力。由下列有监护能力的人按顺序担任甲的监护人,则排在首位的是()。
下列税金中,应计入存货成本的有()。
在确定最佳现金持有量时,成本分析模式、存货模式和随机模式均需考虑的因素是()。
高温津贴是针对高温条件下从事经济建设和企业生产经营活动的职工发放的特殊工资性补偿。根据上述定义,下列属于高温津贴的是()。
口头调查又称为()。
胎儿一开始就具备一定的差异。麦克法内尼通过胎儿对噪声的反应,将其分为()
Exercise,everyoneadvises!Butimmediately,whenyoutry,yourunintotrouble.61)Thereissomuchcontradictory,sometimesi
最新回复
(
0
)