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← HistoryWhich outcome directly resulted from deliberate debasement of Byzantine coinage during politically sensitive tribute negotiations?
A)Reduced trade route attractiveness✓
B)Increased state gold reserve surpluses
C)Widespread international merchant defaults
D)Enhanced cross-border economic confidence
💡 Explanation
Diminished silver content caused Gresham's law of adverse selection: undervaluation abroad. Therefore, trade desirability decreased because debased coins were avoided, rather than leading to immediate merchant defaults or surpluses, influencing broader strategic power dynamics.
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