What Was the Significance of England's "Glorious Revolution" of 1688

question 44

Multiple Choice

What was the significance of England's "Glorious Revolution" of 1688?

• A)It restored Charles II and the Stuart dynasty to power.
• B)It bloodlessly deposed James II in favor of William of Orange.
• C)It returned England to a Catholic commonwealth.
• D)Parliament established a new monarch through a series of bloody wars.
• E)It abolished the monarchy in favor of a republican "commonwealth."

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Definitions:

Currencies

Currencies are the system of money in general use in a particular country, region, or economic area, facilitating the exchange of goods and services.

Eurobond

International bonds issued in multiple countries but denominated in a single currency (usually the issuer’s currency).

Foreign Bond

A bond issued in a country by a foreign entity, denominated in the issuing country's currency.

Absolute Purchasing Power Parity

A theory in economics that suggests that in the absence of transaction costs and official barriers, the price of identical products sold in different countries should be the same when translated to a common currency.