In Chronological Order, What Were the Three Successive Commercial Empires

question 17

Multiple Choice

In chronological order, what were the three successive commercial empires established by Europeans in the fifteenth, sixteenth, and seventeenth centuries?

• A)The Spanish, the French, and the Dutch
• B)The Portuguese, the Spanish, and the Dutch
• C)The English, the Spanish, and the French
• D)The Spanish, the French, and the English

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Definitions:

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.