what would happen if currency in all countries had fewer denominations, i.e. fewer varieties of coins or…

what would happen if currency in all countries had fewer denominations, i.e. fewer varieties of coins or numbers of bills? people would be more likely to confuse the value of currencies. exchanging money between countries would be much easier. people could not charge as many different prices for goods. all goods would be more expensive than they currently are.

what would happen if currency in all countries had fewer denominations, i.e. fewer varieties of coins or numbers of bills? people would be more likely to confuse the value of currencies. exchanging money between countries would be much easier. people could not charge as many different prices for goods. all goods would be more expensive than they currently are.

Answer

Brief Explanations:

With fewer denominations, there would be less flexibility in setting prices precisely. So people could not charge as many different prices for goods. Fewer denominations don't necessarily lead to currency - value confusion. While it might simplify some aspects of currency, it doesn't directly make international money - exchanging easier. And it has no direct relation to the overall price level of goods.

Answer:

People could not charge as many different prices for goods.