When Societies Move from One Place to Another in a Particular

question 21

Multiple Choice

When societies move from one place to another in a particular geographic area in pursuit of meeting their needs, they are said to be ________.

• A) Sectarian
• B) Nomadic
• C) Tertiary
• D) A mixed economy

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Definitions:

Present Value

The modern equivalent value of a future monetary sum or cash flow sequence, with an established return rate.

Interest Rate

The percentage charged on a loan or paid on deposited funds, representing the cost of borrowing or the gain on savings.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Present Value

The current valuation of a future financial sum or stream of payments, factoring in a set rate of return.