Conversos Were

question 47

Multiple Choice

Conversos were

• A) Christians, Jews, and Muslims who were close and neighborly.
• B) Christians who converted to Islam to avoid persecution.
• C) Muslims who converted to Judaism to avoid persecution.
• D) Jews who converted to Christianity to avoid persecution.

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Definitions:

Market Interest Rate

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.

Contractual Interest Rate

The interest rate stated on the face of a loan or bond agreement, which represents the percentage of interest that the borrower must pay to the lender.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.

Discount

A reduction from the usual cost of something, often used to encourage prompt payment or increase sales.