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What Event Occurred in the Byzantine Empire in the Late

question 30

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What event occurred in the Byzantine Empire in the late fifteenth century that limited Europe's access to spices from the East?


Definitions:

Successive Years

Successive years that occur back-to-back without any breaks.

Compounded Quarterly

A method of calculating interest where it is added to the principal four times a year, after every three months, leading to faster growth of the investment.

Prepayment

Payment made for goods or services before they are received or required.

Discounting

The process of determining the present value of a payment or a series of payments that will be made in the future.

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