What Was One of the Strategies of Louis XIV's Controller

question 73

Multiple Choice

What was one of the strategies of Louis XIV's controller of general finances to increase the wealth and power of France?

• A) To lower tariffs on foreign goods imported to France.
• B) Reject the ideas behind mercantilism.
• C) Target weaker countries militarily and win plunder.
• D) To grant subsidies to individuals who established new industries.
• E) Removed government intervention in economic activities.

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Definitions:

Journal Entry

A record in accounting that notes the debit and credit transactions affecting a company's financial statements.

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and responsibilities.

Fees Earned

Income earned by a company from its service offerings over a defined time frame.

Journal Entry

A record in accounting that notes the debit and credit movements across accounts for a particular financial transaction.