Question

What would happen if currency in all countries had fewer denominators?

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

Answer 1

ANSWER: C) People could not charge as many different prices for goods.

EXPLANATION: If a currency has fewer denominations, then it would be a problem to charge different prices for goods as the change will not be available. For example, if the country is having currency for only $ 50 and $100, then the products can not be priced at $5 or $10. Even the smallest item will have a minimum price of $50 which will be not be worth of. The price of the products will either decrease or increase drastically. Proper pricing of any product will not be possible and it will affect the common people.

Answer 2

your answer should be C :)

good luck