What was the deeper effect on trade of reducing more than thirty currencies to two?
Answer and explanation
Correct answer: Calculation of prices, payments and transactions became easier
When traders must work with many different currencies, they face repeated conversion, uncertain values and more complicated payments. Reducing the number of currencies made prices easier to compare and transactions easier to calculate and settle. This lowered a practical barrier to trade and supported economic integration. Thus A is correct; the other options contradict the expected effect or introduce unrelated claims about kings, transport and taxes.
Frequently asked questions
What is the correct answer to this question?
Calculation of prices, payments and transactions became easier
Why is this the correct answer?
When traders must work with many different currencies, they face repeated conversion, uncertain values and more complicated payments. Reducing the number of currencies made prices easier to compare and transactions easier to calculate and settle. This lowered a practical barrier to trade and supported economic integration. Thus A is correct; the other options contradict the expected effect or introduce unrelated claims about kings, transport and taxes.
Which subject and chapter does this question cover?
This is a Class 10 Social Science question. Chapter: The Age of Industrialisation. Topic: The Making of Nationalism in Europe (Aristocracy, New Middle Class, Liberal Nationalism).
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