Last Updated 15 Jul 2020
What would happen if currency in all countries had fewer denominations?
Answered by Catherine Caldwell
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In this case, the variety of currencies and exchange rate would be unavailing, and only one currency could be entered. The monetary policy of all states would be interconnected, and if countries implement it independently, denominations in countries will become different, so such a phenomenon could be very short-lived.
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What would happen if currency in all countries had fewer denominations?. (2018, Mar 17). Retrieved from https://phdessay.com/what-would-happen-if-currency-in-all-countries-had-fewer-denominations/