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Question
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.
With fewer currency denominations, there would be less flexibility in setting prices. For example, if there are only large - value bills and coins, it would be difficult to price small - value items precisely. So people could not charge as many different prices for goods.
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People could not charge as many different prices for goods.