Virginia Plantation Wharf (1730)

question 53

Multiple Choice

Virginia Plantation Wharf (1730)

-This image reflects the importance of locating plantations

• A) in hot climates with no winters.
• B) near mansions or castles.
• C) with easy access to water transportation.
• D) in places where slaves could easily be acquired.

---

Definitions:

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities.

Lease of Asset

A contractual agreement where the lessor allows the lessee to use an asset in exchange for periodic payments.

Bargain Purchase Option

A provision in a lease that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.

Economic Life

The expected period of time during which an asset remains useful to the owner for its original purpose.