In Sixteenth Century Europe, Commodity Money Was Almost Exclusively Gold

question 11

Multiple Choice

In sixteenth century Europe, commodity money was almost exclusively gold and silver coins. After the Spanish conquest of Latin America, there was a sudden influx of additional gold and silver. This resulted in which scenario?

• A)The European economy of that day was greatly enhanced.
• B)The European economy of that day remained fairly stable, as other factors offset the influx of new money.
• C)The European economy of that day suffered from periods of horrible inflation.
• D)The European economy of that day underwent periods of debasement.

---

Definitions:

Love and Marriage

Concepts pertaining to the emotional and formal union between two individuals based on feelings of affection and legal commitments.

Globally

Pertaining to or encompassing the entire world, often used in discussions of worldwide issues or influences.

Fairly Happy

This term describes a moderate level of contentment or satisfaction with life or specific aspects of one's experiences.

Affiliation

The connection or association with a group or an organization.