The Centers of Commerce That Developed During the Commercial Revolution

question 16

Multiple Choice

The centers of commerce that developed during the commercial revolution tended to grow fastest and most densely

• A) around fortified castles.
• B) along key waterways, including seacoasts and river systems.
• C) around monasteries and churches.
• D) on the sites of old Roman forts.

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Quick Ratio

A liquidity metric that indicates a company's ability to cover its current liabilities without selling inventory, calculated as (cash plus marketable securities plus accounts receivable) divided by current liabilities.

Temporary Investments

Short-term investments that a company plans to convert into cash within a short period, typically one year or less.

Remote Contingent Liability

A potential financial obligation that is considered to be unlikely to occur; it is noted in financial statements as a footnote to provide full disclosure.