The Commerce That Occurred as a Result of the Pax

question 54

Multiple Choice

The commerce that occurred as a result of the Pax Mongolica was facilitated by the introduction of:

• A)double-entry bookkeeping and early forms of credit transfers.
• B)Roman numerals into European accounting.
• C)abacuses and standardized coins used across Europe.
• D)receipts and bookkeeping ledgers.
• E)manuals to facilitate trade along the Silk Road.

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Definitions:

Mortality

The state of being mortal or the incidence of death within a population.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the percentage increase in real gross domestic product (GDP).

Postindustrial Period

a stage in societal development that occurs after the industrial period, characterized by an economy focused more on services than on manufacturing.

Mature Industrial

Pertains to an industrial phase characterized by stable growth, well-established industries, and lower levels of innovation compared to earlier growth phases.