Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Ask your questions and receive precise answers from experienced professionals across different disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Module 2 Test: The Age of European Exploration

Select the correct answer.

Lloyd's of London was one of the first institutions to offer insurance to merchants and joint-trade companies. A major part of the insurance system involved people who agreed to take responsibility for the insured losses in return for a fee. What were these risk-takers known as?

A. joint-stock companies
B. investors
C. underwriters
D. merchants
E. capitalists

Sagot :

GinnyAnswer

Final answer:

Underwriters were crucial individuals in the insurance system during the Age of European Exploration.


Explanation:

In the Age of European Exploration, underwriters were the individuals who agreed to take responsibility for insured losses in exchange for a fee. They played a crucial role in the emerging insurance system that provided coverage for merchants and joint-trade companies, with institutions like Lloyd's of London being pioneers in this area.


Learn more about European Exploration here:

https://brainly.com/question/42656588


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.