What Is Modernization

question 36

Multiple Choice

What is modernization?

• A)the transformation of poor agrarian societies into wealthy industrial societies
• B)the process of achieving widespread availability of modern technology
• C)the transformation of wealthy industrial societies into global powers
• D)the process of developing strategies for making high-speed internet available to most citizens

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Definitions:

Bid Rate

The price at which a buyer is willing to purchase a security, currency, or commodity, often used in financial markets to specify the maximum price a buyer is comfortable with.

Monetary Unit

The standard unit of currency in which financial transactions are recorded and reported in a company's financial statements.

Settlement Date

The day on which cash is received or paid.

Exchange Rate

The price at which one currency can be exchanged for another, influencing international trade and investments.