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?\npeople would be more likely to confuse the value of currencies\nexchanging money between countries would be much easier\npeople could not charge as many different prices for goods.\nall 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?\npeople would be more likely to confuse the value of currencies\nexchanging money between countries would be much easier\npeople could not charge as many different prices for goods.\nall goods would be more expensive than they currently are

Answer

Brief Explanations:

With fewer denominations of currency, there would be less flexibility in setting prices. Sellers would be restricted in the exact amounts they can charge for goods, as they would have fewer currency - value options to work with. Confusion about currency value is not directly related to the number of denominations. Currency exchange complexity is more about exchange rates and systems rather than denominations. And the overall price level of goods is determined by factors like supply - demand and inflation, not the number of currency denominations.

Answer:

C. People could not charge as many different prices for goods.