Question 11 15 pts [11] The invention of coins made the use of ____________ in exchanges less common. 0 gold and silver 0 money 0 weight scales 0 None of the above. Question 12 15 pts [12] The term seigniorage refers to O the revenue the government earns by shortweighting or debasing coins. O the regulations imposed on private mints to prevent them from defrauding the public. 0 the ridges placed on the edges of coins so that it will be obvious if they are clipped. O the process of minting coins that contain of a mix of different metals. Question 13 15 pts [13] If governments earlier in history had adopted regulation as their solution to the problems with privately minted coins. modern coins probably 0 would still be made of gold or silver. 0 would still be produced by private mints. 0 would not be issued at all, since paper money makes coins unnecessary. 0 would be produced by government mints. Question 14 15 pts [14] Under U.S. legal tender laws, 0 a lender has to accept legal tender money for a loan payment stated in dollars. 0 a store has to accept legal tender money in payment for goods. 0 it is illegal for a loan to call for repayment in foreign currency. 0 All of the above are correct. Question 15 15 pts [15] A coin would he likely to be melted down if 0 the precious metal in the coin was worth less than the exchange value of the coin. O the precious metal in the coin was worth more than the exchange value of the coin. 0 it was circulating alongside another coin, with the same denomination, that contained more precious metal. 0 it was circulating alongside another coin, with a larger denomination, that contained more precious metal