A notable and unique feature of the colonial monetary system was
A) the use of minted silver coins.
B) An early form of "credit card.".
C) the use of a widely accepted paper currency.
D) the development of checking accounts issued by private commercial banks.

Question

Quizplus · Accepted Answer

The notable and unique feature of the colonial monetary system was the use of a widely accepted paper currency. This was particularly innovative at the time, as it represented an early form of non-metallic money in the Western world, helping to facilitate trade and economic activities in the colonies.

A Notable and Unique Feature of the Colonial Monetary System