In exchange with merchants from England, colonial paper money typically was _________ their face value.
A) greater than
B) less than
C) equal to
D) a fixed percentage of

Question

Quizplus · Accepted Answer

Colonial paper money typically traded at less than its face value in exchange with merchants from England due to factors like lack of backing, inflation, and distrust in the value of the paper currency.

In Exchange with Merchants from England, Colonial Paper Money Typically