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Why Did King Louis XVI Summon the Estates-General into Session

question 36

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Why did King Louis XVI summon the Estates-General into session in 1788?


Definitions:

Increase

A rise in the quantity, level, or number of something.

Basis

Basis refers to the difference between the spot price of a commodity and the futures price of the same commodity, which can indicate market expectations of future price movements.

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs.

Convergence

The movement of the price of a futures contract towards the spot price of the underlying asset as the delivery date approaches.

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