After 1700, When a Branch of the Bourbon Family Succeeded

question 21

Multiple Choice

After 1700, when a branch of the Bourbon family succeeded the Habsburgs to the throne of Spain, Spain:

• A) suffered increasingly from economic decline.
• B) was increasingly isolated from the rest of Europe.
• C) experienced more efficient administration.
• D) became more decentralized as the estates of Aragon and Valencia acquired more autonomy from Madrid.

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Definitions:

Ordinary annuity

Regular payments of the same amount made at set intervals, during which interest is calculated and added at the end of each period.

Conditional sale contract

An agreement where the sale is conditional upon certain terms, often used in property and vehicle sales where possession is granted but legal ownership is retained by the seller until full payment is received.

Compounded monthly

The process of adding interest to the principal sum of a loan or deposit, where the interest is added monthly.

Compounded monthly

The process of calculating interest on an investment or loan each month, with each month's interest added to the principal.