What Advantages Did the Janissary Corps Have Over More Traditional

question 66

Essay

What advantages did the Janissary Corps have over more traditional military units? Give examples.

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Definitions:

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain time period.

Spot Exchange Rates

The current exchange rate at which a currency can be bought or sold for immediate delivery.

Speculative Derivatives

Financial instruments used to speculate on the future movements of asset prices, without intention of holding the underlying assets.