What was one economic effect of the Renaissance?

Increased trade led to thriving Italian banks.

Wealthy families like the Medicis purchased ancient treasures of Athens.

Wealthy Italian merchants invested in improving Muslim port cities.

The Roman Catholic Church gave money to artists.

The correct answer is: Increased trade led to thriving Italian Banks.

Italy experienced an economic growth mainly because it was bounded by the Mediterranean which led them to become dominant in the international trade activity. With this economic growth the banking activity in Italy became very important, banks were wealthy and they provided services for the government and merchants. This economic growth was a key factor for the Italian Renaissance, and allowed them to focus on the creation of arts and develop a humanist philosophy.