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galina1969 [7]
3 years ago
14

In the 1850s the French franc was valued by both gold and silver, under the official French ratio which equated a gold franc to

a silver franc 15½ times as heavy. At the same time, the gold from newly discovered mines in California poured into the market, depressing the value of gold. As a result, A. the franc effectively became a silver currency.B. the franc effectively became a gold currency.C. silver became overvalued under the French official ratio.D. answers a) and c) are correct
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer:

B) the franc effectively became a gold currency.

Explanation:

Before the price of gold plummeted, the French government could rely on bimetallism, but as the price of gold decreased and the value of silver remained the same, all you needed to do to earn some money was change your gold coins into silver coins (arbitrage). So the French government decided that it couldn't rely on the value of two different metals and chose gold.

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Explanation:

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Some of the contemporary socio-economic issues that are faced by the society are poverty, corruption, illteracy, unemployment, etc.

These issues poses a challenge to the government and government seek ways to address them.

4 0
3 years ago
A man, who looked about 45 years old, gave a cashier at a grocery store the Special Supplemental Nutrition Program for Women, In
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Answer:

He has a teenage daughter that was pregnant or with a little child.

Explanation:

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8 0
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5 0
2 years ago
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Explanation:

6 0
3 years ago
On August 1, Steffen Computers, Inc. purchased thirty computer chips on account from a company located in Taiwan for 520,000 Tai
Vsevolod [243]

Answer:

(C) debit to Foreign-Currency Transaction Loss-$1040

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