Nearly everyone agrees that money doesn’t buy as much as it used to, no matter were you want to spend it. This is certainly true of the paper money that passes so quickly through one’ s hands. Inflation eats away its buying power just as the steady appetite of waves chews at sand cliffs. But what about coins that seem to do very little except make purses and pockets untidy Unlike notes, metal money becomes more valuable the longer it is held, especially if it is put away where it won’t get scratched or worn. Why is this One reason is that coins, being more durable, fall more readily into a category for collections. Naturally, the rarer gold pieces must become more valuable as the price of this metal goes up.
But, curiously, one of the rarest coins in the world is not made of gold, but of the relatively cheaper silver. In 1840, the United States mint struck 19,570 silver dollars. That is what its records show. Today only six of this original number remain
A. silver
B. gold
C. copper
D. paper
Insurance is the sharing of (1) . Nearly everyone is exposed (2) risk of some sort. The house owner, for example, knows that his (3) can be damaged by fire; the ship owner knows that his vessel may be lost at sea; the breadwinner knows that he may die by (4) and (5) his family in poverty. On the other hand, not every house is damaged by fire or every vessel lost at sea. If these persons each put a (6) stun of money into a pool, there will be enough to (7) the needs of the few who do suffer (8) . In other words the losses of the few are met from the contributions of the (9) . This is the basis of (10) . Those who pay the contributions are known as (11) and those who administer the pool of the contributions as insurer.
The (12) for an insurance naturally depends on how the risk is to happen as suggested (13) past experience. If the companies fix their premiums to
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