Statement I: The U.S.dollar traces its roots back to the old Spanish-milled silver dollar.
Statement II: "Pieces of eight" means eight bits which means one dollar.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Spanish-Milled Silver Dollar

A widely recognized coin that was minted in the Spanish Empire following the introduction of the mechanical press, becoming an international standard for trade.

Pieces Of Eight

Historically referred to as Spanish dollars, these were silver coins that played a crucial role in world trade during the 17th and 18th centuries.