asked 158k views
5 votes
What is the effect of introducing the

silver coins to the native Filipinos
when it comes to the basic
commodities?

1 Answer

6 votes

Answer:

The basic effect of introducing the silver coins to them is to encourage transaction based on money rather than trade by barter. The Filipinos were poor and engaged in basic trading of commodities especially food crops in a bater system because it was cheaper and easier for them. The silver coins helps in disrupting this actions.

Step-by-step explanation:

answered
User Halostack
by
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