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Author Question: The Coinage Act of 1792 set the relative values of silver and gold coins at 15 to 1 . Suppose the ... (Read 94 times)

WWatsford

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on: Jun 30, 2018
The Coinage Act of 1792 set the relative values of silver and gold coins at 15 to 1 . Suppose the relative market values of silver and gold had equaled 16 to 1 . In this case,
 a. only gold would circulate as money.
  b. gold would be hoarded and sold abroad.
  c. gold would be overvalued at the mint.
  d. individuals would profit by selling gold to the mint.

Question 2

Response to the energy crisis of the early 1970s did not include
 a. gasoline rationing by waiting.
  b. gasoline rationing by price.
  c. increased bureaucratic involvement.
  d. Americans insulating their homes.


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SamMuagrove

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b. gold would be hoarded and sold abroad.

Answer to Question 2

b. gasoline rationing by price.


WWatsford

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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