The Mint Act of 1792 Failed to Provide for a Stable

question 45

Multiple Choice

The Mint Act of 1792 failed to provide for a stable domestic hard currency for the U.S.because

• A) the supply of gold and silver was inadequate.
• B) the federal government failed to make the coins legal tender.
• C) gold was undervalued, while silver was exported.
• D) the notes of the U.S. government were not accepted by the population because of their ?low value, while the government had no gold to offer.

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Definitions:

Percolation

The process of a liquid slowly passing through a filter or porous substance, often used in the context of water movement through soil.

Groundwater

Water stored underground in soil and crevasses, or an aquifer

Evaporation

The process by which a liquid turns into vapor, typically under the effect of heat.

Nitrogenase

The enzyme responsible for nitrogen fixation under anaerobic conditions.