With a mint ratio of 15 to 1 between gold and silver and a market ratio of 15.5 to 1:
A)gold should go out of circulation
B)silver should go out of circulation
C)paper money will predominate
D)the bimetallic standard will be stable

Question

Quizplus · Accepted Answer

When the market ratio of silver to gold is higher than the mint ratio, gold is undervalued at the mint and will be hoarded or exported, leading to gold going out of circulation.

With a Mint Ratio of 15 to 1 Between Gold