Why Did Pennsylvania Court Settlements of Contracts Written in Sterling

question 5

Multiple Choice

Why did Pennsylvania court settlements of contracts written in sterling in the middle of the eighteenth century use the current market value rather than the par value?

• A) to protect colonists from the avarice of English merchants
• B) to help colonial merchants dodge customs
• C) to give colonial merchants a clear advantage in their trade with English merchants
• D) to protect English merchants from being paidin unanticipated, depreciated paper money.
• E) All of the above.

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