Which of the Following Institutions Was NOT Created Because of the Rise

question 8

Multiple Choice

Which of the following institutions was NOT created because of the rise of a market economy?

• A) Banks
• B) Not-for-profit organizations
• C) Labor unions
• D) Monasteries

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Definitions:

Utrecht Psalter

A highly important and influential illustrated manuscript produced in the Carolingian Empire around the 9th century, known for its unique pen drawings illustrating Psalms.

Risk Aversion

A dislike of uncertainty.

Bad Things

Negative events, actions, or outcomes that are undesirable or harmful.

Present Value

The amount of money today that would be needed to produce a future amount of money, given prevailing interest rates.