The Kingdom of Ghana

question 45

Multiple Choice

The Kingdom of Ghana

• A) remained poor, in spite of large lead deposits, because of a series of spendthrift rulers.
• B) exported gold, leather goods, slaves, and ostrich feathers.
• C) was the first African state to develop large-scale fish farming.
• D) had a merchant class but refused to trade with Berbers from the north.
• E) accepted the tenets of Buddhism.

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Definitions:

Historical Cost Principle

An accounting principle that states assets should be recorded and reported at their original purchase cost.

Brokerage Fees

Charges levied by brokers for facilitating transactions between buyers and sellers in the financial markets.

Investment

The allocation of resources, typically money, into assets or projects with the expectation of generating income or profit.

Investment Income

Earnings from assets acquired, such as dividends on shares or interest on bonds.