A Key Financial Innovation of the Eighteenth Century Was

question 40

Multiple Choice

A key financial innovation of the eighteenth century was

• A)the creation of insurance policies.
• B)the circulation of paper banknotes compensating for a lack of coinage.
• C)the establishment of a new international currency to facilitate trade.
• D)deficit spending by enlightened monarchs to pay for vital government reforms.
• E)the increased use of bullion in preference to less reliable paper money.

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Definitions:

Homeopathy

An alternative medicine system based on the belief that the body can cure itself, using tiny amounts of natural substances to stimulate healing.

Holism

An approach that considers the whole person, including their physical, mental, and social aspects, rather than just symptoms of a disease.

Totality

The state of being whole or complete, encompassing all parts, elements, or aspects of something.

Spiritualism

A belief system or practice involving communication with spirits of the deceased, often through mediums.