Question

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

Answer 1

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.