Question

What correctly describes the common currency system created by Augustus ?

Answer 1

Answer:

C). The government controlled the only legal form of money.

Explanation:

As per the question, the third statement correctly narrates the standard system of currency developed by Augustus that 'the government was the sole reviewer of the only valid/legitimate form of money.' He set up a new monetary system in which he launched 'a new and common form of money 'aureus' where 1 aureus = 25 denarii, which led the bimetals consisting of both gold, as well as, silver in 1:12.5 ratio as the standard form of the money' and 1 gold quinarius = 1/2 aureus & 1 silver quinarius = 1/2 denarius.' His system of common currency continued for two hundred years.