A Notable and Unique Feature of the Colonial Monetary System

question 12

Multiple Choice

A notable and unique feature of the colonial monetary system was

• A)the use of minted silver coins.
• B)the circulation of commodities as money.
• C)the use of a widely accepted paper currency.
• D)the development of checking accounts issued by private commercial banks.

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Definitions:

Transnational Corporations

Large companies that operate and have assets in more than one country, exerting significant economic and political influence globally.

Imperialism

A policy or practice by which a country extends its power and influence through colonization, military force, or other means.

Powerful Societies

Societies that possess significant economic, political, or military power, influencing global or regional affairs.