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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.

Respuesta :

Answer:

People could not charge as many different prices for goods.

Explanation:

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OlanmaE

If there were fewer denominations of currency in all countries, People could not charge as many different prices for goods.

What is a Currency?

A currency is a medium of exchange among people. It is a system of money for exchange among people or the nations. It can be banknotes or coin. It is a generally acceptable medium for payment of  goods and services.

If there were fewer denominations of currency in the society, it would be difficult to charge for different goods at different prices. Some value of some goods might not be realized and it would reduce the value of those goods.

Learn more about Currency here:

https://brainly.com/question/24556197

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