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Old Forms of Money

Bullion refer...

Question

Bullion refers to gold, silver or other precious metals in the form of ______________.

A

Ingots or bars only

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B

Bars as well as coins

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C

Coins only

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D

Jewellery

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Solution

The correct option is B Bars as well as coins
Bullion includes gold bars, silver bars, and other bars of precious metal. The world was introduced by the French Minister of Finance under Louis XIII, Claude de Bullion. The value of it is typically determined by the value of its precious metals content. That is defined by its purity and mass.

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