Which of the Following Was NOT a Consequence of the Higher

question 2

Multiple Choice

Which of the following was NOT a consequence of the higher food prices caused by growing demand for agricultural produce in towns and cities?

• A)Lords sought to grow more food for profit on their estates.
• B)Many serfs were no longer legally tied to the land and were converted into free peasants.
• C)Almost all peasants gained complete economic independence from their lords.
• D)Labor services were often converted into monetary payments or fixed rents.
• E)All of these are correct.

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Definitions:

Real Return

The yield on an investment once inflation adjustments have been made.

Nominal Return

The amount of profit or loss on an investment before adjusting for factors like inflation, representing the raw financial outcome.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.

Bondholders

Individuals or entities that hold the debt securities issued by corporations or governments, entitled to receive the bond's interest payments and the return of principal.