All of the Following Statements Are True of the Atlantic

question 24

Multiple Choice

All of the following statements are true of the Atlantic trade in the eighteenth century EXCEPT:

• A) Although important, slave-grown crops actually accounted for only a small portion of the value of the trade.
• B) The profits from the slave trade in particular stimulated the rise of key English ports.
• C) New England and the Middle Colonies exported fish, grain, and lumber to the West Indies.
• D) Profits from the Atlantic trade helped finance the early Industrial Revolution.
• E) Europe was the primary market for colonial-grown products such as rice and indigo.

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Definitions:

Bond's Duration

Bond's duration measures the sensitivity of a bond's price to changes in interest rates, quantified as the weighted average time until the bond's cash flows are received.

Time To Maturity

Time to maturity refers to the remaining time until a financial instrument, such as a bond or loan, reaches its scheduled end date and the principal must be repaid.

Zero-Coupon Bond

A bond that is sold at a discount to its face value and pays no interest before maturing, at which point its face value is repaid to the holder.

Discount Rate

The interest rate used to calculate the present value of future cash flows, representing the opportunity cost of capital.