One of the Most Prosperous Commodities That the Dutch Republic

question 16

Multiple Choice

One of the most prosperous commodities that the Dutch republic traded was

• A)herring.
• B)salt.
• C)wine.
• D)oranges.
• E)sheep.

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Definitions:

Missed Payment

Failure to make a required payment by its due date.

Original Principal

The initial amount of money borrowed or invested, before any interest or profit is added.

Compounded Annually

Interest calculated on the initial principal and the accumulated interest from the past year added together once per year.

Term Deposit

A type of bank deposit that has a fixed term and typically offers a higher interest rate than a regular savings account.