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Verbal·Information and Ideas·Command of Evidence
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Unit Cost in Dollars of Issuing US Coins by Denomination, 2020–2023
YearOne-centFive-centTen-centQuarter-dollar
20200.01760.07420.03730.0862
20210.02100.08520.04390.0963
20220.02720.10410.05030.1111
20230.03070.11540.05300.1163
Because the face value of Denmark’s kroner coin exceeds the unit cost of issuing it, Denmark’s government makes a profit, known as seigniorage, from issuing such coins. Revenue from seigniorage can be used to support parks and other government-funded amenities. Some countries, such as Sweden, have chosen to cease issuing some coins because the cost of issuing the coins exceeded their value, creating negative seigniorage. Some US economists make the case that taking a similar approach to the five-cent coin (worth 0.05 dollars) could increase the total seigniorage obtained through issuing all US coins.
Which choice best describes data from the table that support the economists’ claim?
A
In each year from 2020 to 2023, the unit cost of issuing a five-cent coin was greater than the unit cost of issuing a one-cent coin.
B
The unit cost of issuing a five-cent coin rose more between 2022 and 2023 than the unit cost of issuing a ten-cent coin rose in that same period.
C
From 2020 to 2023, the unit cost of issuing a five-cent coin ranged from more than 0.07 dollars to more than 0.11 dollars.
D
In 2023, the unit cost of issuing a five-cent coin was 0.0530 dollars, greater than the face value of the coin.