Which of the Following Represents the Earliest Kind of Recordkeeping?​

question 88

Multiple Choice

Which of the following represents the earliest kind of recordkeeping?​

• A)​bark paper
• B)​cloth paper
• C)​tokens
• D)​clay tablets

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Definitions:

Monthly Compounded

The process of calculating interest each month and adding it to the total amount owed, thus earning interest on interest from the following month.

Semi-Annually Compounded

Describes the methodology of applying interest to a principal amount two times within a year.

Quarterly Payments

Payments made four times a year, typically for loans, mortgages, or other financial products.

Monthly Payments

Regular amounts paid each month towards the repayment of a loan or debt.