Why Was China's Demand for Silver So High During the Sixteenth

question 32

Multiple Choice

Why was China's demand for silver so high during the sixteenth and seventeenth centuries?

• A) Silver was believed to be the most beautiful metal.
• B) Silver was used to pay taxes and as money in internal markets.
• C) Silver was used in decorating porcelains for export.
• D) Silver was thought to have medical value.

---

Definitions:

Dividend Payout Ratio

A financial ratio that measures the percentage of net income a firm pays out to its shareholders as dividends.

Cash Dividends

Money paid to shareholders by a corporation, typically a share of the company’s profits.

Aggregation

The process of combining multiple units or factors into a single group or total.

Net Working Capital

A financial metric indicating how well a company can fulfill its immediate financial liabilities, achieved by subtracting current liabilities from its current assets.