Which Factor That Contributed to the Nineteenth-Century Market Revolution Was

question 22

Multiple Choice

Which factor that contributed to the nineteenth-century market revolution was largely overlooked and unacknowledged at the time?

• A) African American slave labor
• B) mechanical innovation
• C) improved transportation
• D) American merchants' willingness to take financial risks

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Definitions:

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.

Financial Leverage

Financial leverage describes the use of borrowed funds to increase the potential return of an investment.

Liabilities

Financial obligations or debts owed by a company to creditors or suppliers, which must be settled over time.

Posting

the process of transferring journal entries to respective accounts in the ledger.