What is a hong? a. a hut built to house visiting european traders b. a group of chinese merchants allowed to trade with foreigners c. an area of trade reserved for various groups of foreign merchants d. a derogatory name for europeans

APEX VERIFIED ANSWER

A group of Chinese merchants allowed to trade with foreigners

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B. A group of Chinese merchants allowed to trade with foreigners

Explanation:

From the word "Hong Kong" that is a part of the dwelling place for the people of China. Hong was specifically known as a group of Chinese merchants that are allowed to trade with foreigners.

During the Qing-Dynasty in China between early 17th - 19th century, merchants from other countries came to Chinese to trade. These trade takes place in special types of building known as "Hong". They possess some Technical Analysis tools at that time which they employ for the use of  trading during that time which was now renowned and used for Stock Market Exchange Trading Nowadays.

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