The most important source of foreign exchange earnings to offset the colonial deficit with England was
A) insurance charges and merchant commissions.
B) the sale of ships.
C) the sale of colonial shipping services.
D) inflows of sterling from British forces stationed in the colonies.

Question

Quizplus · Accepted Answer

The sale of colonial shipping services was a significant source of foreign exchange earnings, helping to offset the colonial deficit with England by providing valuable services in international trade.

The Most Important Source of Foreign Exchange Earnings to Offset