In the Vikings' Initial Encounter with the Skraelings,the Latter Traded

question 103

Multiple Choice

In the Vikings' initial encounter with the Skraelings,the latter traded what good for Vikings cow's milk or scraps of red cloth?

• A)Furs.
• B)Wheat.
• C)Beads.
• D)Antlers.
• E)Wine.

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Definitions:

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling over a specific period of time.

CPI

This index reflects the mean shift in costs over time for a collection of consumer goods and services as experienced by urban buyers.

Ear of Corn

An ear of corn is the part of the corn plant that contains the kernels, which are the seeds of the plant, encased in a husk.

Nominal Interest Rate

The interest rate before adjustments for inflation, often reported on a per annum basis.