Answer:
Hong Kong pumped billions of dollars of foreign exchange into China each year.
Explanation:
Hong Kong was governed by the United Kingdom for 1841 to 1941. Britain occuppated the territory during the First Opium War.
The Chinese-Hong Kong economy relationship has been interesting for China because they were complementary. China provided cheap labour and land while Hong Kong provided capital, management skills, marketing channels and infrastructure for external trading.
Answer:
The reason why we need a system of currency exchange in order to conduct international trade is because different countries use different types of currency. They do so because national sovereignty allows each nation to establish its own currency. However, we need a system to pay for goods that are purchased from other countries. This is why the currency exchange system allows us to conduct international trade
Explanation:
Short Answer: C
D is too restrictive
A and C are opposites so one of them is right and the other isn't. Sometimes you get luck with Multiple Choice. If you have to guess, this one is the kind of question you want to guess on. A is the opposite to what is true. The answer is C.
B Any asset can be something that can be a depreciating asset. A good example is a car or truck. Depreciating assets and not damaged assets.
The supply of coal was crucial to the industrial revolution because coal was cheap and affordable and also it was an excellent source of energy. Coal was the best energy source at the time of the industrial revolution and would allow for machines to be coal powered.
