In Addition to the Use of Improved Charts,a System for Determining

question 20

Multiple Choice

 In addition to the use of improved charts,a system for determining longitude was finally perfected by John Harrison in 1763 by the development  of a/an

• A)astrolabe.
• B)telescope.
• C)chronometer.
• D)solar time piece.
• E)magnetized compass.

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Definitions:

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The current price at which an asset or service can be bought or sold in the open market.

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The value of an ownership interest in a company, calculated as the company's assets minus its liabilities.

Debt

An amount of money borrowed by one party from another, usually with the condition of repayment with interest.

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A financial contract granting the owner the privilege to sell a certain asset at a predetermined price during a set period.