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
外语
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 be
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 be
admin
2015-05-29
20
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 difference between "good money" and "bad money"?
选项
A、They are circulated in different markets.
B、They are issued in different face values.
C、They are made of different amounts of gold and silver.
D、They have different uses.
答案
C
解析
本题可参照文章第2段的第2句话,从中可知良币和劣币的差别在于它们有不同的商品价值,而第3段中又提到政府使用便宜的金属和金银混合以降低货币的实际价值,而且做金银交易的人可以分别出两种货币的不同,因此C项为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/VvLO777K
0
考博英语
相关试题推荐
Everygeologistisfamiliarwiththeerosioncycle.Nosoonerhasanareaoflandbeenraisedalivesea-levelthanitbecomess
Everygeologistisfamiliarwiththeerosioncycle.Nosoonerhasanareaoflandbeenraisedalivesea-levelthanitbecomess
For【C1】______thebloodshedandtragedyofD-Day,thebeachesofNormandywillalwaysevokeacertain【C2】______:ayearning
ClimaticconditionsaredelicatelyadjustedtothecompositionoftheEarth’satmosphere.Iftherewereachangeintheatmosphe
Likemanyconceptsinsocialpsychology,aggressionhasmanydefinitions,evenmanyevaluations.(l)Somethinkofaggressionas
Inthecaseofmobilephones,changeiseverything.Recentresearchindicatesthatthemobilephoneischangingnotonlyourcul
Inthesimplestterms,amarketistheplacewheresellermeetsbuyertoexchangeproductsformoney.Traditionalmarketsstill
Howawfulitwouldbetobeacelebrity,alwaysinthepubliceyes,Celebritiesleadvery.stressfullives,nomatter【51】glamoro
Duringthesecondhalfofthenineteenthcentury,intheUnitedStates,boththestimulustoproducelandscapeartandthesubje
Grantwasoneofabodyofmenwhowereself-reliant______,whocaredhardlyanythingforthepastbuthadasharpeyeforthe
随机试题
世界上最古老的东西贸易通道是()。
既然你计划移居加拿大,那你必须努力适应寒冷的气候。
急性猪瘟的典型淋巴结病理变化呈现()
以下哪项是环磷酰胺治疗肾病综合时重要不良反应
某工程包括A、B、c三项分项工程,合同工期为6个月。工期每提前一个月奖励1.5万元,每拖后一个月罚款2万元。各分项工程的计划进度与实际进度见表6.1。表中实线表示计划进度,进度线上方的数据为每月计划完成工程量(单位:100m3);虚线表示实际进度,进度线上
在实施现代企业制度的过程中,确立企业法人财产权的目的包括()。
社会劳动生产率普遍提高的结果是()。
人们在日常生活中常会遇到食物“相克”的情况。下列对应食物中有可能不“相克”的一项是()。
A、不具有无损连接性,不保持函数依赖B、具有无损连接性,保持函数依赖C、不具有无损连接性,保持函数依赖D、具有无损连接性且保持函数依赖A本题考查关系模式分解的基本概念。正确答案为A。
"Howareyoukeeping?""Look(31)yourself"."GoodHealth"."Here’syourhealth"."Health,wealthandhappiness"."Ifyou’rehea
最新回复
(
0
)