The Christian Crusaders Were Indirectly Responsible for the Discovery of America

question 76

Multiple Choice

The Christian crusaders were indirectly responsible for the discovery of America because they

• A) were victorious over the Muslims.
• B) brought back news of valuable Far Eastern spices, drugs, and silk.
• C) succeeded in establishing improved business relations between Muslims and Christians.
• D) returned with captured Muslim maps showing the North and South American continents.
• E) developed better navigational devices.

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Definitions:

Exercise

In financial contexts, it refers to the act of invoking the right to buy or sell the underlying asset as specified in a derivatives contract, such as options or warrants.

Intrinsic Value

The inherent or true value of an asset, investment, or company, based on underlying perception of its actual value including all aspects of the business, in terms of both tangible and intangible factors.

Option Value

The premium or price for holding an option, representing the potential benefit of choosing one course of action over another.

Convertible Bond

An investment vehicle that offers the ability to be exchanged for a set portion of the company's shares at predefined periods within its term, usually upon the bondholder's initiative.