How Did Dutch Merchants Contribute to the Development of European

question 10

Multiple Choice

How did Dutch merchants contribute to the development of European commerce?

• A) They established a stock exchange, a banking system, and a system for insuring cargoes.
• B) They raised the price of shipping in order to help Europeans make a profit in the Atlantic trade.
• C) They encouraged the monetization of European economies by importing large quantities of silver and gold.
• D) They invented mercantilism.

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Definitions:

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, which can indicate areas of inefficiency or savings.