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By 1780 or so, the British, French and Dutch sovereign debt finance systems had acquired distinct features. These included: a. Britain relied on financial markets.
By 1780 or so, the British, French and Dutch sovereign debt finance systems had acquired distinct features. These included: a. Britain relied on financial markets. b. France relied on state bank financing. C. Netherlands relied on wealthy private bankers. d. Britain relied on tax farming. e. Netherlands relied on selling debt to the bank of Amsterdam. f. Other, specify
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