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MaRussiya [10]
3 years ago
12

Help !!!!!! Establishing a uniform set of currency helped to expand trade.FalseTrue​

History
1 answer:
Diano4ka-milaya [45]3 years ago
4 0

Answer:

True.

Explanation:

"Establishing a uniform set of currency helped to expand trade."

The statement in the question above is TRUE because when there is a UNIFORM set of CURRENCY, the rate of the transaction costs will greatly reduce. A single or uniform set of currency is a great tool whenever one is talking about international monetary system.

Another reason why countries in a region adopt a uniform set of currency is to make sure they are capable of facing external volatilities.

A uniform set of currency is to make sure that there is price transparency and and there will be nothing like exchange rate fluctuations.

A great example of a uniform set of currency adopts by several countries is the the Euro for countries in the European continent.

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