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
20
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:https://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
B挤压应力等于挤压力除以挤压面积。钢板和铝铆钉的挤压力互为作用力和反作用力,大小相等、方向相反;而挤压面积就是相互接触面的正投影面积,也相同。 答案:B
突然昏仆,不省人事,口吐涎沫,喉有痰声,面色晦滞,舌苔白腻,脉滑,辨证为:(
支配颈阔肌的神经是() A.面神经下颌缘支 B.耳大神经 C.
甲公司拥有一项投资性房地产,采用成本模式进行后续计量。2018年1月1日,甲公司
男性,25岁。1天来接触油漆后喘息伴轻咳,咳少量白痰。既往有过敏性鼻炎史。最可能
初产妇,26岁,孕37周,近1周头痛、视力模糊,昨晚头痛开始加重,呕吐2次,急诊
房地产经纪人员知识结构核心的外层是( )。A.房地产经纪相关专业基础知识 B
Thechangeinthatvillagewasmiraculou
根据合伙企业法律制度的规定,下列关于普通合伙企业的利润分配、亏损分担的表述中,正
男性,42岁,近期出现腹泻呈水样便,有脓血,伴下坠及里急后重。腹部平片显示横结肠
最新回复
(
0
)