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The Following Questions Refer to the Excerpt Below

question 34

Multiple Choice

The following questions refer to the excerpt below.
"[The land in the New World] is a marvel;the mountains and hills,and plains,and fields,and land,so beautiful and rich for planting and sowing,for breeding of cattle of all sorts,for building of towns and villages…there are many spiceries,and great mines of gold and other metals. The people of this island,and of all the others I have found and seen,or not seen,all go naked,men and women,just as their mothers bring them forth….as soon as I arrived in the Indies,in the first island that I found,I took some of them by force to the intent they should learn [our speech] and give me information of what there was in those parts."
Letter from Christopher Columbus to Luis de Santángel,1493
-Which of the following had the most significant impact on developing the economy (as described in the passage) ,which would evolve between 1491 and 1607?

Understand the significance of praxis in shaping cultural practices and individual behaviors.

Understand the various motives for holding money and how they influence individual and economic decisions.

Recognize the role of financial intermediaries and their importance in channeling savings to borrowers.

Identify and explain the functions of money within an economy.

Definitions:

Subscription Price

The price at which existing shareholders are allowed to buy additional shares in a company during a rights offering, typically at a discount to the current market price.

Rights Offering

A process in which a company offers its shareholders the opportunity to buy additional shares, typically at a discount, before the company offers them to the public.

Market Price

Market Price is the current price at which an asset or service can be bought or sold.