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 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.