In what what was did the importation of American bullion negatively affect the Spanish economy?
A) The apparent dependence of Spain on its bullion supply caused European bankers to avoid loaning money to the Spanish government.
B) American bullion made up nearly 90 percent of Spain's state revenue, so that any disruption in the arrival of silver from America plunged the government into crisis.
C) The supply of bullion to Spain was highly irregular, so that the government could not accurately gauge its income or anticipate its expenditures.
D) The arrival of American treasure contributed to a sharp rise in prices and a general inflation.
Ans: D) The arrival of American treasure contributed to a sharp rise in prices and a general inflation.
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