A.ourB.toC.forD.weDirections: Choose as your answer the……
Directions: Choose as your answer the word that best fits the blank.
On your answer sheet, circle the corresponding letter.
There is no question but that Newton
was a highly competent Minister of the Mint. It was mainly through his
efforts (41) the English currency was put on (42)
satisfactory basis at a difficult time. (43)
discovered a relationship between prices and (44)
amount of money in circulation, which (45) later
formalized in the so-called "quality (46) "of money: if the
amount of (47) in circulation is doubled--other things
(48) the same--then prices also will (49)
double. This is a simple application (50) the
principle that it is impossible (51) . get something for
nothing, but apparently (52) took someone like Newton to
discover it. There (53) an obvious comparison with
Copernicus, who (54) the Polish government on currency
questions (55) in doing so discovered another important
(56) (usually known as Gresham’s Law): when (57)
money is accepted as legal tender, (58) money will
be driven out of (59) . Copernicus anticipated Gresham in the
formulation (60) this law.