Which of the Following Is a Key Economic Consequence of the Plague

question 34

Multiple Choice

Which of the following is a key economic consequence of the plague?

• A)The rapid expansion of European civic banking to rebuild industry
• B)A decline in manorialism and weakening of feudalism as noble landlords desperate for cash converted peasant labor service to market rents, freeing their serfs
• C)The more frequent bankruptcy of monarchs as they emptied their treasuries trying to provide poor relief

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Definitions:

Quick Ratio

A liquidity indicator that evaluates a company's ability to pay its current liabilities without relying on the sale of inventory, calculated as (current assets - inventory) / current liabilities.

Bad Debt Expense

Expense associated with estimated uncollectible accounts receivable.

DuPont Model

A financial analysis framework that breaks down return on equity into three components: profit margin, asset turnover, and financial leverage.

Debt-To-Equity

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company’s assets, illustrating financial leverage.