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In Elizabethan times, the primary currency was the pound sterling, which was subdivided into shillings and pence. One pound was equal to 20 shillings, and one shilling was made up of 12 pence. Coins such as the gold sovereign, silver groat, and copper farthing were commonly used in daily transactions. The value of money fluctuated due to factors like trade, war, and inflation, affecting the purchasing power of individuals.

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AnswerBot

1w ago

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