A Problem Confronting Government Regarding the Penny Is That

question 3

Multiple Choice

A problem confronting government regarding the penny is that

• A) it often costs more to produce than its face value.
• B) it costs less to produce than its face value.
• C) the metals used to produce the penny are in limited supply.
• D) it no longer serves as store of value.

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Definitions:

State

A political entity with a centralized government that has sovereignty over a geographical area and maintains a monopoly on the legitimate use of force within that area.

Shareholder

An individual or institution that owns at least one share of a company's stock, making them a partial owner.

Creditor

A person or institution to whom money is owed.

Consolidated Corporation

A company formed by the merger or acquisition of multiple smaller companies, typically to streamline operations and reduce costs.