Which of the Following Was a Significant Development for Businessmen

question 11

Multiple Choice

Which of the following was a significant development for businessmen of the High Middle Ages?

• A) Double-entry bookkeeping
• B) Commercial law
• C) Bills of exchange
• D) The development of banking and credit instruments
• E) All of these aided businessmen of the High Middle Ages

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Definitions:

Simple Interest

Interest assessed only on the original investment, without consideration for compounding.

Annual Rate

The amount of interest, return, or other financial change represented annually, often as a percentage.

Treasury Bill

A short-term government security issued at a discount from the face value and maturing at full face value, offering investors a secure, short-term investment option.

Simple Rate of Return

A measure of the gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.