One of the Most Important Developments of the Catholic Church

question 30

Multiple Choice

One of the most important developments of the Catholic Church in response to the Protestant Reformation was when Ignatius of Loyola founded the

• A) Dominicans.
• B) Inquisition.
• C) Council of Trent.
• D) Society of Jesus (the Jesuits).
• E) Franciscans.

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Definitions:

Interest

The charge for borrowing money or the return on invested capital, typically expressed as a percentage.

Present Value

The here and now worth of a future financial sum or cash inflow sequences, discounted at a defined rate of return.

Growing Annuity

A series of regular payments that grow at a consistent rate over time, commonly used in retirement and investment calculations.

Rate of Return

Earnings or losses seen on an investment during a fixed interval, presented as a percentage of the investment's first cost.