Question
Here is the question : BESIDES THE U.S. DOLLAR, WHAT IS THE ONLY MAJOR CURRENCY TO FEATURE BILLS ALL OF THE SAME SIZE?
Option
Here is the option for the question :
- Canadian dollar
- Japanese yen
The Answer:
And, the answer for the the question is :
Explanation:
For the visually challenged, bills are typically differentiated by size. For example, Australian bills of a higher value are both larger and wider, and they include bold color contrasts. The Euro follows this pattern, with tactile markings added to the 200 and 500 euro bills. The United States dollar and the Canadian dollar are the only two major currencies having banknotes of the same size. However, bills issued in Canada are designed with tactile markers in the top right corner and are issued in a variety of colors to accommodate the visually handicapped. The United States now lags behind most other countries in creating accessible currency for the visually impaired, but a new planned $10 bill would be the first U.S. dollar to contain tactile features.
The Canadian dollar, also known as the CAD, is the official currency of Canada and is widely used as a reserve currency around the world. One unique feature of the Canadian dollar is that its bills are all of the same size. This is a rarity among major currencies, as most feature bills of varying sizes depending on their denomination.
The decision to standardize the size of Canadian bills was made in the 1970s, as part of a broader effort to modernize the country’s currency. Prior to this, Canadian bills featured a wide range of sizes and designs, which made them difficult to distinguish and use in transactions.
By standardizing the size of bills, the Canadian government aimed to make the currency more user-friendly and accessible. This move has been largely successful, as many Canadians and visitors to the country find it easier to handle bills that are all the same size.
Canadian bills also feature a range of unique security features that make them difficult to counterfeit. These include holographic strips, raised ink, and microprinting, among others. These features have helped to establish the Canadian dollar as a reliable and trustworthy currency, both domestically and internationally.
the decision to make Canadian bills all the same size was a bold move that has paid off in many ways. It has made the currency more accessible and user-friendly, while also helping to establish its reliability and security. For these reasons, the Canadian dollar remains a popular choice among investors and consumers alike.