If the market ratio of silver to gold is 16 to 1 and the mint ratio is 15 to 1,
a. people will cease to use gold and silver as money.
b. the Treasury will be forced to issue paper money.
c. gold is undervalued at the mint.
d. silver is undervalued at the mint.
Question 2
A conglomerate merger is a combination of
a. firms that formerly competed with each other.
b. firms that formerly bought from and sold to each other.
c. firms that produce nearly identical products, but are based in different countries.
d. firms that produce unrelated products or services.
Pyrite or “Fool’s Gold
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