The Monetary System of Bimetallism Is Unstable

question 2

Multiple Choice

The monetary system of bimetallism is unstable. Due to the fluctuation of the commercial value of the metals,

• A)the metal with a commercial value lower than the currency value tends to be used as metal and is withdrawn from circulation as money (Gresham's Law).
• B)the metal with a commercial value higher than the currency value tends to be used as money (Gresham's Law).
• C)the metal with a commercial value higher than the currency value tends to be used as metal and is withdrawn from circulation as money (Gresham's Law).
• D)none of the above

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