Final answer:
The rise of paper currency had several positive impacts on the global economy including facilitating international trade, enabling the expansion of banking systems, and contributing to economic growth and stability.
Step-by-step explanation:
The rise of paper currency had several other positive impacts on the global economy. Firstly, it facilitated international trade by providing a standardized medium of exchange that was easily transferable. Secondly, paper currency enabled the expansion of banking systems and the development of credit, which allowed for more complex financial transactions. Lastly, it contributed to economic growth and stability by reducing the reliance on precious metals as a means of payment.
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