The annual colonial trade deficit could be financed with
A) an inflow of specie.
B) paper money.
C) earnings from shipping and mercantile services.
D) payments made to a few very wealthy colonists.
Correct Answer:
Verified
Q37: According to research by James Shepherd and
Q38: Early forms of colonial money included
A) wampum.
B)
Q39: Problems with the use of commodity money
Q40: Which of the following statements correctly characterizes
Q41: The use of commodity money
A) has a
Q42: The most important source of foreign exchange
Q43: The colonies as a whole had a
Q44: Capital formation in the colonies was mostly
Q46: The colonies as a whole had a
Q47: _ solves the mutual coincidence of wants
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