Capital formation in the colonies was mostly due to
A) savings and investments from the colonists themselves.
B) capital inflows from English merchants.
C) capital inflows from the English crown.
D) capital inflows from international sources other than England.
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
Q45: The annual colonial trade deficit could be
Q46: The colonies as a whole had a
Q47: _ solves the mutual coincidence of wants
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