In the Realm of Ideas and Culture, Europe in the High

question 25

Multiple Choice

In the realm of ideas and culture, Europe in the High Middle Ages

• A)revived almost all the learning of the ancient world.
• B)restored the dominance of rationalism in a system called scholasticism.
• C)brought back a pure form of classical architecture.
• D)nearly eliminated illiteracy.
• E)fashioned Christian teachings into an all-embracing philosophy.

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Definitions:

Capital Gain

The profit earned from the sale of assets like stocks, bonds, or real estate, which exceeds the purchase price.

Book Value

For a company, the value of equity, equal to total assets minus total liabilities. Book value can be stated in total or per share. For an asset, book value is the net of original cost minus accumulated depreciation, and is generally referred to as net book value.

Original Cost

The initial monetary value of an asset or investment at the time of its acquisition.

Marginal Tax Rate

The rate at which the next dollar of income will be taxed. Generally the taxpayer’s bracket rate.