Which of the Following Best Describes Modernization Under Imperialism in Most

question 1

Multiple Choice

Which of the following best describes modernization under imperialism in most colonial states?

• A)incomplete transition between Western and traditional institutions
• B)complete destruction of local institutions with no new ones to take their place
• C)largely a successful implementation of governmental structures that mirrored the colonial power's government between Western and traditional institutions
• D)complete transformation to modern social institutions but with economic modernization lagging behind

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Definitions:

Forward Contracts

Financial derivatives contracts between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Option Contracts

Financial derivatives that give the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a certain date.

Financial Liabilities

Obligations that require an entity to pay money or deliver financial assets to another party in the future, which can arise from borrowing, purchasing goods or services on credit, or issuing bonds.

Bank Overdraft

A facility allowing an entity to withdraw more money from a bank account than has been deposited, within a previously agreed limit.