Financial Practices
Definition
Financial practices refer to the methods and strategies used by individuals, institutions, and governments to manage and handle money, investments, and economic transactions. In the context of the Italian Renaissance, financial practices played a crucial role in shaping the economic power of city-states.
Related terms
Economic prosperity: The state of having an abundance of wealth or resources within an economy.
Usury: The practice of charging excessive interest on loans.
Banking system: A network of institutions that provide various financial services such as lending, accepting deposits, and facilitating monetary transactions.
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Practice Questions (1)
How did changes in financial practices contribute to the rise of powerful city-states during the Italian Renaissance?
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About Us
About Fiveable
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Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.