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Absolutism Constitutionalism -The Creation of the Bank of Amsterdam in 1609 Revolutionized

Question 249

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Absolutism Constitutionalism
-The creation of the Bank of Amsterdam in 1609 revolutionized international banking for which of the following reasons?


A) Moving toward the gold standard facilitated international trade.
B) Paper currency was put into circulation for the first time.
C) It began minting coins for each of the nations in Europe.
D) It was the only source of significant loans in the era.
E) Nobility began to invest their wealth in banks, devaluing land.

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