Carthage Was Founded by Peoples Migrating from

question 45

Multiple Choice

Carthage was founded by peoples migrating from

• A)Rome.
• B)Phoenicia.
• C)Greece.
• D)Egypt.
• E)Arabia.

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Definitions:

Daily Operations

The day-to-day activities necessary for a business to function smoothly, including production, sales, and administrative tasks.

Compensating Balance

A minimum account balance that a borrower is required to maintain with a lender as a condition for a loan, intended to compensate the bank for providing the loan or credit line.

Effective Interest Rate

The actual return on an investment or the actual cost of a loan, taking into account the compounding of interest over time, as opposed to the nominal interest rate.

Short-Term Bank Loan

A loan obtained from a bank that has a short repayment period, typically less than one year.