Which of the Following Is a True Statement About the Incas

question 13

Multiple Choice

Which of the following is a true statement about the Incas?

• A)They were the earliest settlers of North America who came from Europe.
• B)They lived in the western coast of South America and formed the largest Indian civilization in the pre-Columbian era.
• C)They built step-tiered temples and dominated southern Guatemala and the Yucatan Peninsula from the fifth to the eighth centuries.
• D)They ruled central Mexico from the ninth to the fifteenth centuries.
• E)They built fourteen "great houses" in the Chaco Canyon as a testament to the grandness of their civilization.

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Definitions:

FMV

Fair Market Value, the price that property or an asset would sell for on the open market under current conditions.

Basis

The original value or cost of an asset for tax purposes, used to determine capital gains or losses.

FMV

Stands for Fair Market Value, which is the price an asset would sell for on the open market, where both buyer and seller have reasonable knowledge of the asset and are willing to trade without pressure.

Basis

The amount of an investment in property for tax purposes; the starting point for determining gain or loss.