AP European History Quiz
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RENAISSANCE AND EXPLORATION
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By the early seventeenth century, Amsterdam's exchange and the Bank of Amsterdam helped standardize payments, clear debts, and stabilize currency in a major European entrepôt. Merchants used deposit banking and transferable credit to settle accounts efficiently, while the city's commercial infrastructure supported high-volume international trade. Similar institutions later developed elsewhere, reflecting broader trends of the Commercial Revolution. Which broader development is best illustrated by Amsterdam's financial institutions?
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