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Suppose that a nation is on a bimetallic standard at $20 to one ounce of fancy metal and $4 for one ounce of cheap metal.

Suppose that a nation is on a bimetallic standard at $20 to one ounce of fancy metal and $4 for one ounce of cheap metal. If new cheap metal is found and the markets are suddenly flooded with cheap metal,

no change will take place since citizens could exchange their fancy metal for cheap metal at any time.

only the fancy metal will circulate.

only the cheap metal will circulate.

none of the options.

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		no change will take place since citizens could exchange their fancy metal for cheap metal at any time.
		only the fancy metal will circulate.
		only the cheap metal will circulate.
		none of the options.