During the Middle Ages Which Is an Example of Developing

question 30

Multiple Choice

During the Middle Ages which is an example of developing city functions?

• A)iron being developed to improve tools like axes and plows
• B)a highly developed road network connecting the Roman Empire
• C)bankers in cities helping to underwrite commercial and artisan activities
• D)more remote cultures being subdued by the dominant political power at the time

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Definitions:

Effective-Interest Method

An accounting method to amortize the discount or premium on bonds payable or receivable over the bond's life, reflecting a constant rate of interest.

Market Rate

The current price or interest rate at which a good, service, or financial asset can be bought or sold in a competitive market.

Journal Entry

An accounting transaction entered into a ledger that denotes the financial activities of a company.

Statement of Cash Flows

A summary statement which tracks all cash inflows to a company from its regular business operations and funds received from investments, plus all cash outflows for paying business and investment costs within a certain period.