Can gold or silver be used for payment?

[SilberGold]

Business English Lesson, Advanced Level

ESL/EFL Test #532 "Bear Stearns", question 10

A ......... mortgage is a mortgage loan packaged for resale to Freddie Mac or Fannie Mae on the secondary market; not only do such loans have very competitive interest rates, they also have very stringent qualifying criteria.

(a) conforming
(b) piggy-back
(c) secondhand
(d) subprime

Business English Lesson, Advanced Level

ESL/EFL Test #532 "Bear Stearns", answer 10

A conforming mortgage is a mortgage loan packaged for resale to Freddie Mac or Fannie Mae on the secondary market; not only do such loans have very competitive interest rates, they also have very stringent qualifying criteria.

Correct answer: (a) conforming
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CAN GOLD OR SILVER BE USED FOR PAYMENT?

SilberGold

[Mister Micawber]

They are not legal tender.
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Native English teacher at Mister Micawber's