The Slave Trade from Africa First Became Profitable for the Portuguese

question 45

Multiple Choice

The slave trade from Africa first became profitable for the Portuguese with

• A) the shipping of slaves to Brazil, which Portugal controlled.
• B) the breeding of new slave generations in the Americas.
• C) sales to European noble families.
• D) sales to the Muslims in the Arab countries.
• E) shipments to the Caribbean islands.

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Definitions:

Firm Commitment Underwriting

A method of securities underwriting where the underwriter agrees to buy the entire issue at a set price, assuming full financial risk by reselling the securities to the public.

Guaranteed Underwriting

A promise by an underwriter to purchase all unsold shares in an offering, ensuring that the issuing company raises the full capital.

Underwriter Risk

The risk that an underwriter of securities, such as stocks or bonds, faces when guaranteeing the sale of securities to the public.

Rights Offering

A method for companies to raise capital by offering new shares to existing shareholders under specific terms and usually at a discount.