Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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