All of the Following Contributed to the Emergence of a New

question 32

Multiple Choice

All of the following contributed to the emergence of a new interdependent global economic system EXCEPT for the

• A) market and capital from Europe.
• B) labor from Africa.
• C) desire of European explorers to create new cultures.
• D) raw materials of the New World.
• E) advancement and improvement of technology.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically for financing accounts receivable and inventories.

Certificates of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.

Net Float

The difference between check amounts written and deposited in the clearing process, affecting the available balance in the account.

Disbursement Float

The time lag between when a payment is made by writing a check and when the funds are actually withdrawn from the payer's account.