A Key Reason for the Growth of Imperial Systems in the Americas

question 35

Multiple Choice

A key reason for the growth of imperial systems in the Americas was

• A) increased trade and competition between the rising empires in Central and South America.
• B) rapid demographic growth.
• C) new military technologies.
• D) a desire to spread religious belief.

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Definitions:

Interest Accrued

The amount of interest that has been earned but not yet paid or received, up to a specific date, representing a company’s liability or asset depending on the context.

Discounting Note

A financial practice where a note or bill is sold to a third party before its maturity date for less than its face value, allowing the seller to access funds earlier.

Discounted Note

A promissory note sold for less than its face value, which will be worth its full value upon maturity; used as a form of short-term financing.

Interest Expense

This is the cost incurred by an entity for borrowed funds, reflected as an expense on the income statement.