|Question 12Verbal

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Issuing a one-dollar coin yields positive seigniorage—profit generated when the face value of a coin exceeds the unit cost of producing it—for Singapore's government, which can be used to fund such services as education. Issuing coins can also result in negative seigniorage, however, and this phenomenon led Australia to stop producing certain coins. A student argues that it is in the financial interest of the United States to follow the example of Australia with regard to each of the four coins shown in the table.
Which choice best describes data from the table that weaken the student's argument?
Seigniorage per dollar issued was slightly greater for quarter-dollar coins than for ten-cent coins, but seigniorage in millions of dollars was much greater for quarter-dollar coins than for ten-cent coins.
A
Although issuing one-cent and five-cent coins resulted in negative seigniorage in millions of dollars, issuing ten-cent and quarter-dollar coins resulted in positive seigniorage in millions of dollars.
B
Issuing one-cent and five-cent coins created negative seigniorage in millions of dollars, but for each of those coins, the gross cost of issuing the coin was lower than the gross cost of issuing ten-cent or quarter-dollar coins was.
C
Although issuing five-cent coins created the greatest negative seigniorage in millions of dollars, issuing one-cent coins created the greatest negative seigniorage per dollar issued.
D