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
36
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.
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
本题的依据句是文章第1段的最后一句话“Coins today are made of an alloy of cheaper metals”。因此D项为正确答案。
转载请注明原文地址:https://jikaoti.com/ti/Z36jFFFM
0
在职申硕(同等学力)英语
相关试题推荐
SomeofthesestudiesAhaveshownthatalthoughsomepeoplehavetroubleBtofallasleep,othershaveCanequallydifficulttime
Insomeways,theUnitedStateshasmadespectacularprogress.Firesnolongerdestroy18,000buildingsastheydidintheGreat
"Businesscasual"wasprevalentseveralyearsagobecause______Whenthe"businesscasual"prevailed,______
Theirbusinessflourishedatitsnewlocationayearlaterowingtotheirjointeffortsandhardwork.
Whatisimpliedby"theyoungeronesaresurroundedbymorechildren’slanguageonaveragethantheolderkids"(Para.3)?Sull
Woman:Now,Richard,wouldyoucaretoexplainhowtheanswerstothetestquestionsappearedonyourdesk?Man:Ican’t,Profes
Likesomeforeigners,Iaskalotofquestions,someofwhichareinsultinglysilly.ButeveryoneI______hasansweredthosequ
MoreAmericanmothersthaneverareworking,andmoreworkersaremothers.Yettheirmarchintotheworldofpaidworkcontinues
CaliforniahasanewprogramcalledtheDigitalTextbookInitiative."Startingthisfallwithhighschoolmathandscience,wew
随机试题
______标准强调对设计质量的控制,提出要对整个设计过程制定严格的控制和验证程序,并贯彻执行。
合同保全
什么是网络协议?简述其组成要素。
休克时代谢的病理生理改变主要是______。
内服只入丸散,不入煎剂的药为
关于变性,下列错误的是
确诊白血病的必备条件
甲研究所与乙公司订立的买卖合同约定:乙公司向甲研究所购买一台具有特定性能的石墨卷材生产设备,总价款300万元;乙公司应于合同签订之日起3日内向甲研究所支付100万元预付款;甲研究所应于2008年11月1日之前交付设备(乙公司自行提货);乙公司验收设备合格后
下列有关分部报告的表述中,符合现行规定的有()。
Howdoesthemanfeelaboutthisinterview?
最新回复
(
0
)