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.
ANSWER
(c)
Place an order in 3 easy steps. Takes less than 5 mins.