One of the Most Important Effects of Monasticism Was the

question 32

Multiple Choice

One of the most important effects of monasticism was the

• A) preservation of literacy and learning, particularly with regard to ancient Latin texts.
• B) new hierarchy it imposed on the church.
• C) aggressive missionary efforts of Benedictine monks.
• D) creation of a religious warrior class.
• E) translation of Arabic texts.

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Definitions:

Equity

The value of an ownership interest in a company, calculated as the company's assets minus its liabilities.

Debt

An amount of money borrowed by one party from another, usually with the condition of repayment with interest.

Put Contract

A financial contract granting the owner the privilege to sell a certain asset at a predetermined price during a set period.

Option Price

The amount paid for the option itself, representing the price to buy (call) or sell (put) an underlying asset by a specific date at a specified price.