For What Explicit Purpose Did Imperialists Develop the Economic Policy

question 83

Multiple Choice

For what explicit purpose did imperialists develop the economic policy known as "mercantilism"?

• A) to ensure that colonies benefited the mother nations
• B) to modernize colonial economies
• C) to benefit the merchant class both in the colonies and in the mother nation
• D) to encourage the development of large-scale agriculture

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated party on demand or at a fixed or determinable future time.

Fictitious-Payee Rule

A legal principle that protects banks from liability when funds are withdrawn by a person not entitled to them, if the drawer's negligence contributed to the forgery.

Imposter Rule

A legal principle that addresses the liability for fraud when an impostor defrauds a third party.

Forged

Refers to the illegal modification or creation of a document, artwork, or object with the intent to deceive or defraud by passing it off as genuine.