All of the Following Were Consequences of the Revival of Trade

question 66

Multiple Choice

All of the following were consequences of the revival of trade EXCEPT

• A)the development of a money economy.
• B)the establishment of trading companies and banking firms.
• C)the use of contracts and insurance.
• D)the final abandonment of old Roman cities.
• E)the creation of new techniques such as double-entry bookkeeping.

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Definitions:

Integration Clause

A provision in a contract that declares it to be the complete and final agreement between the parties, superseding all prior discussions or agreements.

Statute of Frauds

A legal principle requiring certain types of contracts to be executed in writing and signed by all parties to be enforceable.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.