The Commerce That Occurred as a Result of the Pax

question 54

Multiple Choice

The commerce that occurred as a result of the Pax Mongolica was facilitated by the introduction of:

• A)double-entry bookkeeping and early forms of credit transfers.
• B)Roman numerals into European accounting.
• C)abacuses and standardized coins used across Europe.
• D)receipts and bookkeeping ledgers.
• E)manuals to facilitate trade along the Silk Road.

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Definitions:

Semiannual Interest

Interest that is computed and disbursed biannually, frequently associated with bonds and lending agreements.

Accrued Interest

Interest that has been incurred but not yet paid, accumulating on loans or bonds over time until payment is made.

Interest Receivable

The amount of interest that has been earned but not yet received in cash.

Total Proceeds

The total amount received from a transaction, including the sale of assets, securities, or other property, before any deductions or expenses.