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Which 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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