Coins Were Significant in All of the Following Ways Except

question 19

Multiple Choice

Coins were significant in all of the following ways except

• A) they allowed easy exchange of goods and services.
• B) they allowed for easy recordkeeping.
• C) they were used to pay the professional soldiers.
• D) they allowed for rapid transactions.
• E) they allowed for easy storage of wealth.

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Definitions:

Canadian Dollar

The official currency of Canada, represented by the symbol CAD or the dollar sign $, sometimes with CA$ to distinguish from other dollar-denominated currencies.

Exchange Rate Risk

The potential for investors or businesses to experience losses due to changes in the currency exchange rates affecting the value of their investments or transactions.

Canadian Dollars

The official currency of Canada, represented by the symbol CAD or sometimes CA$.

Exchange Rate

Specifies the number of units of a given currency that can be purchased for one unit of another currency.