Answer:
It is the shortest trade link between Europe and countries on the Indian and Pacific oceans.
Banks and other financial institutions use savings deposits to help borrowers by using deposits to make loans.
Answer: Option A
<u>Explanation:</u>
- The two important functions of a bank are to lend loans and accept deposits. Bank accepts deposits from people for which interest is provided to them.
- With loans being one the core functions of a bank, these loans are given to borrowers through the deposits made by the people.
- This is done to ensure that the cycle of cash and money is maintained in the economy. Based on the need and requirements, the cycle is accelerated or slowed down.
Answer:
- Wealth
- Power
- Establishing colonies
Explanation:
European countries wanted more wealth and power, and colonization helped in attaining those goals. For instance, countries could import/obtain more resources by colonizing a land rich in industrial materials, as well as gain a wider market for exporting mainland resources.
