Question

by the 1760s, many planters were in debt to british merchant houses. planters often repaid their debts using colonial paper money, or money printed by colonial governments. planters used this paper money because there wasnt much silver or gold available in the colonies. in 1764, parliament passed the following act: the currency act paper money printed by colonial governments cannot be used to repay debts. how would this act make it more difficult for planters to repay their debt to british merchants? it doubled the debt that planters owed to british merchant houses. it prevented planters from borrowing money from new englanders. it allowed the colonies to print too much paper money. it limited the money that planters could use to repay debt.

Explanation:

The Currency Act prohibited the use of colonial - printed paper money for debt repayment. Since planters relied on this paper money due to lack of silver and gold in the colonies, this limited the money they could use to pay off their debts to British merchants.

Answer:

It limited the money that planters could use to repay debt.