The Portuguese Were Able to Break the Arab Monopoly of Trade

question 57

Multiple Choice

The Portuguese were able to break the Arab monopoly of trade in the Indian Ocean by

• A)designing ships that were faster and more maneuverable than those of the Arabs.
• B)allying with Spain against the Arabs.
• C)fighting battles at sea with effective fire power.
• D)both designing ships that were faster and more maneuverable than those of the Arabs and fighting battles at sea with effective fire power.
• E)All these answers are correct.

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Definitions:

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.

Dividend

A distribution of earnings given by a company to its stockholders, typically out of its profits.

Black-Scholes OPM

A model used to calculate the theoretical price of European put and call options, based on factors including the stock's current price, its volatility, the option's strike price, and the risk-free interest rate.

National Paper

Debt instruments issued by a government to finance its national activities and projects.