首页
登录
职称英语
[originaltext] Less than 40 years ago in the United States. it was common to
[originaltext] Less than 40 years ago in the United States. it was common to
游客
2024-05-01
47
管理
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. (26)But those days are gone. There are no silver or other precious metals 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.
Gresham’s Law, named after Sir Thomas Gresham, argues that "good money" is driven out of circulation by "bad money". (27)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 the value of coins to be decreased. Governments did this by mixing cheaper metals with gold and silver. (28)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. 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.
26. Q: What are today’s coins in the United States made of ?
27. Q: What is the difference between "good money" and "bad money"?
28. Q: Why did the governments issue new coins by mixing cheaper metals in the 16th century?
选项
A、They are circulated in different markets.
B、They are issued in different face values.
C、They have different commodity value.
D、They are used by various people.
答案
C
解析
录音中提到“良币”区别于“劣币”之处在于“良币”具有较高的商品价值,即它们的价值不同,故选C)项。
转载请注明原文地址:http://tihaiku.com/zcyy/3578880.html
相关试题推荐
[originaltext]IKEAisworkingwithBoKlokUKtobepartofarevolutionin
[originaltext]IKEAisworkingwithBoKlokUKtobepartofarevolutionin
[originaltext]Someofthemostpracticallessonscomingoutofresearchin
[originaltext]Someofthemostpracticallessonscomingoutofresearchin
[originaltext]Lessthan40yearsagointheUnitedStates.itwascommonto
[originaltext]Lessthan40yearsagointheUnitedStates.itwascommonto
[originaltext]W:Goodmorningandwelcometotheshow.Today’stopicshouldbe
[originaltext]M:TodaywehaveVictoriaColligan,theauthorofLadiesWhoLaun
[originaltext]M:ItisawholemonthsinceI’veboughtmynewvideocamera.But
[originaltext]M:ItisawholemonthsinceI’veboughtmynewvideocamera.But
随机试题
A.giveadviceB.makeanofferC.askforpermissionD.requestsom
【1】[br]【2】[originaltext]Note-takingisacomplexactivitywhichrequires
Despitethefactthattodayvirusesareknowntocausecancerinanimalsand
所示管道支架承受均布荷载,A、B、D点为铰接点,杆件BD受到的压力为( )。
治疗风痧邪郁肺卫证,应首选A.清胃解毒汤 B.银翘散 C.普济消毒饮 D.
图为两块钢板用拼接板连接,采用三面围焊缝,承受静力荷载作用。 1.
能解毒凉血止痢,为治热毒血痢的要药是A.板蓝根 B.苦参 C.半枝莲 D.
某公司是专业生产芯片的厂商,已在美国纳斯达克市场上市。当前该公司的β系数为1.5
货币市场的融资工具的特点有( )。A.期限短 B.风险小 C.收益高 D
下列科目中期末余额应转入本年利润的有( )。A.财务费用 B.主营业务收入
最新回复
(
0
)