The First Navigation Laws Were Designed to

question 27

Multiple Choice

The first Navigation Laws were designed to

• A) help colonists get the best possible price for their trade goods.
• B) eliminate Dutch shippers from the American carrying trade.
• C) foster a colonial economy that would offer healthy competition with Britain's.
• D) encourage agricultural experimentation in the colonies.
• E) support the mapping of the Atlantic trade routes.

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Definitions:

Check

A check is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or the person or entity whose name is written on the check.

Drawer

In financial contexts, refers to the person who writes or issues a cheque or draft instructing the bank to pay a specific amount of money.

Draft

An order or bill of exchange instructing the payment of a specified sum of money from one party to another, often used in international trade.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.