At the Time of the Beginning of the Slave Trade,most

question 71

Multiple Choice

At the time of the beginning of the slave trade,most Africans

• A) were primitive peoples dominated by warring tribal societies.
• B) had little commercial contact with the Mediterranean world.
• C) followed the Christian faith.
• D) had well-developed economies and political systems.
• E) had no important cities or trading centers.

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Definitions:

Real Rate Of Return

The annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation.

Annually Compounded

Interest on an investment or loan calculated once per year, including interest on the initial amount and all previously accumulated interest.

Effective Rate

The actual interest rate of an investment or loan when compounding interest is taken into account, differing from the nominal rate by including the effects of compounding.

Financial Position

A snapshot of the resources, obligations, and the net worth of an individual or organization at a specific point in time.