Discuss the Demographic Changes That Occurred in Europe in the Mid-Fifteenth

question 45

Essay

Discuss the demographic changes that occurred in Europe in the mid-fifteenth century and their economic consequences.

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Definitions:

M1

A category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Savings Deposits

accounts held at financial institutions that allow deposits and withdrawals and are subject to modest interest rates.

Commodity Money

Money that has intrinsic value and can be used for purposes other than as a medium of exchange, such as gold or silver.

Legal Tender

The government-mandated currency that must be accepted as payment for debts.