What Is the Significance of the Outcome of the Battle

question 42

Multiple Choice

What is the significance of the outcome of the battle of Ain Jalut?

• A) The results of the battle brought much needed peace to Spain.
• B) The outcome of the battle kept Turkey free of Mongol rule.
• C) The battle led to the death of the Islamic caliph in 1250.
• D) It gave the Turks direct access to Asia Minor for the first time.
• E) It led to the establishment of the Rum Sultanate in eastern Asia Minor.

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Definitions:

Leverage

The use of borrowed capital or debt to increase the potential return of an investment.

Debt Financing

Raising capital through the sale of bonds, bills, or notes to individuals or institutions, which must be repaid over time with interest.

Interest Tax Shield

The reduction in income taxes that results from the deductibility of interest payments.

Debt Financing

Raising capital through the borrowing of funds to be paid back at a later date, typically with interest.