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Business English Exercises
 

The US Mint

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Home > Teaching Business English > Business English Lessons, Advanced Level # 97
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the us mint answer 1
When the framers of the U.S. Constitution created a new government for their untried Republic, they realized the critical need for a respected monetary system.

Correct answer: (d) framers

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the us mint answer 2
Soon after the Constitution's ratification, Secretary of the Treasury Alexander Hamilton personally prepared plans for a national Mint.

Correct answer: (a) ratification

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the us mint answer 3
On April 2, 1792, Congress passed The Coinage Act, which created the Mint and authorized construction of a Mint building in the nation's capitol, Philadelphia.

Correct answer: (a) Coinage

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the us mint answer 4
President George Washington appointed Philadelphian David Rittenhouse, a leading American scientist, as the first Director of the Mint.

Correct answer: (b) leading

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the us mint answer 5
When the United States government began minting coins in 1792, the original facility in Philadelphia was hard-pressed to produce enough currency for the small country.

Correct answer: (b) hard-pressed

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the us mint answer 6
Under Rittenhouse, the Mint produced its first circulating coins: 11,178 copper cents, which were delivered in March 1793.

Correct answer: (b) circulating

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the us mint answer 7
The primary mission of the United States Mint is to produce an adequate volume of coins for the nation to conduct its trade and commerce.

Correct answer: (a) conduct

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the us mint answer 8
In addition to producing coins, the United States Mint has other responsibilities, including maintaining physical custody and protection of the Nation's $100 billion of U.S. gold and silver assets.

Correct answer: (a) custody

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the us mint answer 9
It also produces proof and uncirculated coins, commemorative coins, and medals for sale to the general public.

Correct answer: (a) commemorative

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the us mint answer 10
In addition. the mint is responsible for receiving, redeeming, and processing mutilated coins.

Correct answer: (c) mutilated

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