Based on Their Experiences in the Islands of the Mediterranean

question 52

Multiple Choice

Based on their experiences in the islands of the Mediterranean Atlantic, the Europeans learned that they

• A) would have to use European laborers if colonies were to be productive and profitable.
• B) could successfully transplant their crops and livestock to exotic locations.
• C) would never be able to develop a system for supplying workers to distant colonies.
• D) could successfully cure the diseases they contracted in distant lands.

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Definitions:

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money such as savings deposits, money market securities.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Traveler's Checks

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of its being counter-signed.

M2

A gauge of the total money available that encompasses physical currency, deposits in checking accounts, and near money assets like savings accounts and money market investments, which can be quickly converted to cash.