Author Question: If the market ratio of silver to gold is 16 to 1 and the mint ratio is 15 to 1, a. people will ... (Read 107 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
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.



vseab

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

c. gold is undervalued at the mint.

Answer to Question 2

d. firms that produce unrelated products or services.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

vseab

  • Sr. Member
  • ****
  • Posts: 323

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library