SAT II World History : Banking

Study concepts, example questions & explanations for SAT II World History

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Example Questions

Example Question #1 : Banking

Many modern banking instruments and investment products first arose in __________  in the seventeenth century.

Possible Answers:

England

Germany

Italy

the Netherlands

France

Correct answer:

the Netherlands

Explanation:

From the sixteenth century through the eighteenth century, the Dutch were major players in global trade. To help encourage the spread of wealth and to facilitate risky trading ventures over immense distances, the Dutch pioneered several banking institutions which quickly spread to England and the rest of Western Europe. 

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