Penny auctions were
a. sales events in which no item cost more than a penny.
b. numismatic conventions that gained new importance at a time when cash was short.
c. auctions in which a unified community would buy foreclosed farm properties from neighbors at agreed-on low prices in order to return them to the distressed owner.
d. a nickname for crowds of beggars on the street all requesting pennies.
ANSWER: c
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