The Coinage Act of 1792 Set the Relative Values of Silver

Multiple Choice

The Coinage Act of 1792 set the relative values of silver and gold coins at 15 to 1.  Suppose the relative values of silver and gold in the market was 14 to 1.  In this case,

A) only silver would circulate as money.
B) silver would be hoarded and sold abroad.
C) silver would be overvalued at the mint.
D) both gold and silver would circulate as money.