Numismatist: In medieval Spain, most gold coins were minted from gold mined in West Africa, in the area that is now Senegal. The gold mined in this region was the purest known. Its gold content of 92 percent allowed coins to be minted without refining the gold, and indeed coins minted from this source of gold can be recognized because they have that gold content. The mints could refine gold and produced other kinds of coins that had much purer gold content, but the Senegalese gold was never refined.
"Surprising" Phenomenon
Why did merchants selling goods often specify that payment should be in coins minted from Senegalese gold?
Objective
The right answer will be a hypothesis for why merchants preferred payment in coins minted from Senegalese gold. This hypothesis will explain a key difference between coins minted from Senegalese gold and coins minted from other types of gold. It could reference the fact that, as the stimulus states, Senegalese gold has a high gold content and was never refined.
A
Because refined gold varied considerably in purity, specifying a price as a number of refined-gold coins did not fix the quantity of gold received in payment.
(A) says refined-gold coins are inconsistent or unreliable in their value because the purity of refined gold varies. This explains merchants’ preference for Senegalese gold, which does not need to be refined and therefore lacks these inconsistencies, making it more reliable.
B
During this period most day-to-day trading was conducted using silver coins, though gold coins were used for costly transactions and long-distance commerce.
The prevalence of silver coins in trade transactions does not explain why merchants often specified that payment should be in the coins minted from Senegalese gold.
C
The mints were able to determine the purity, and hence the value, of gold coins by measuring their density.
The mints’ ability to determine the value of gold coins does not explain why merchants, who are unrelated to the mints, would often specify that payment should be in the coins minted from Senegalese gold.
D
Since gold coins’ monetary value rested on the gold they contained, payments were frequently made using coins minted in several different countries.
Payments commonly being made using coins minted in different countries does not explain merchants’ preference for coins minted from Senegalese gold. The question stem does not say the merchants preferred coins minted in Spain; they preferred coins minted from Senegalese gold.
E
Merchants obtaining gold to resell for use in jewelry could not sell the metal unless it was first refined.
This is not helpful for explaining the merchants’ preference. (E) seems to imply that merchants would have a preference against Senegalese gold coins, as Senegalese gold was never refined and could therefore not be resold for use in jewelry.
A
unknown anthracosaur fossils older than 340 million years
B
unknown lizard fossils older than 340 million years
C
known lizard fossils that predate some anthracosaur fossils
D
known anthracosaur fossils that predate some lizard fossils
E
known lizard fossils whose age is uncertain
A
In order to avoid protracted legal battles environmentalists should compromise with developers.
B
Developers should adhere only to those environmental laws that are not overburdensome.
C
Laws should not be designed to serve the interests of all the parties concerned since they are often so weak that no one’s interest is served well.
D
Laws should be fashioned in such a way as to reconcile the interests of developers and environmentalists.
E
The most effective means of preserving endangered species is to refrain from alienating property owners.
A
restates its conclusion without attempting to offer a reason to accept it
B
fails to acknowledge that antivirus programs might protect against viruses other than the particular one described
C
asserts that the occurrence of one event after another shows that the earlier event was the cause of the later one
D
uses inflammatory language as a substitute for providing any evidence
E
overlooks the possibility that the protective steps taken did work and, for many computers, prevented the virus from causing damage