Which of the Following Was a Key Financial Innovation of the Eighteenth

question 10

Multiple Choice

Which of the following was a key financial innovation of the eighteenth century?

• 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

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Definitions:

Population Proportions

Population proportions represent the fraction of individuals in a population that belong to a specified category or exhibit a particular attribute.

Z-value

A measure of how many standard deviations an element is from the mean; often used in statistical analysis to determine significance levels.

Population Proportion

The fraction or percentage of a total population that exhibits a particular characteristic or attribute.

Random Sample

A sample drawn from a population where each member has an equal chance of being selected, aiming for fair representation.