The Kingdom of Ghana

question 8

Multiple Choice

The Kingdom of Ghana

• A)remained poor, in spite of large lead deposits, because of series of spendthrift rulers.
• B)exported gold, leather goods, slaves, and ostrich feathers.
• C)was the first African state to develop large-scale fish farming.
• D)had an merchant class but refused to trade with Berbers from the north.
• E)accepted the tenets of Buddhism.

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Definitions:

Market Value

The amount of money a willing buyer would pay a willing seller for a good, service, or asset in the open market.

Interest Rate

The Interest Rate is the percentage at which interest is paid by borrowers for the use of money they borrow from lenders, crucial for financial markets and investment decisions.

Market Value

The market's current rate for buying or selling assets or services.

Interest Rate

The segment of a loan that incurs interest charges for the borrower, usually delineated as an annual percentage of the loan's remaining amount.