After Paying a Ransom to the Mongols to Secure the Release

question 27

Multiple Choice

After paying a ransom to the Mongols to secure the release of the captured emperor, the Ming state

• A) devoted its energies and revenues to rebuilding the Great Wall
• B) launched a navy under the command of Zheng He
• C) set out to conquer Vietnam
• D) led a military campaign against the Mongols

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Definitions:

Investments

Financial assets or items acquired with the intention of generating income or profit.

Significant Influence

The power to participate in the financial and operating policy decisions of another entity without having full control or joint control.

Fair Value Option

An accounting option allowing financial assets and liabilities to be recorded at their fair value, with changes in fair value recognized in the income statement.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.