10
QuizMultiple Choice

Banking

Question 10 • SEPHS - SOC240 - Economics (Fall)

What would happen if currency in all countries had fewer denominations, i.e. fewer varieties of coins or numbers of bills?

Answer
A
People would be more likely to confuse the value of currencies.
B
Exchanging money between countries would be much easier.
C
People could not charge as many different prices for goods.
D
All goods would be more expensive than they currently are.
What would happen if currency in all countries…