In the Eighteenth Century, Foreign Trade Was Important to Great

question 25

Multiple Choice

In the eighteenth century, foreign trade was important to Great Britain and France because:

• A) the largest enterprises were active in it.
• B) the greatest commercial fortunes were made in it.
• C) the most capital was accumulated from it.
• D) All of these are correct.

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Present Value

The present-day value of a future amount of money or series of cash flows, based on a given rate of return.

Interest Rate

Lenders impose a charge, as a percentage of the principal, on borrowers for the use of their assets.

Present Value

The value today of a future money sum or sequence of cash flows, based on a specific interest rate.

Interest Rate

The cost of borrowing money or the return on savings, usually expressed as a percentage.