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With the decline in the fortunes of the Genoese banks and the Spanish Empire in the 17th century, however, the Genoese lira also depreciated substantially. China Never Completely Banned Crypto. Charlemagne , in AD, implemented a series of reforms upon becoming " Holy Roman Emperor ", including the issuance of a standard coin, the silver penny. Economics in the Real World. To flip a coin to see whether it lands heads or tails is to use it as a two-sided die in what is known in mathematics as a Bernoulli trial : if the probability of heads in the parlance of Bernoulli trials, a "success" is exactly 0.
