Discuss the Importance of Timbuktu in the Development of the African

question 50

Essay

Discuss the importance of Timbuktu in the development of the African regional economy.When was it founded and why did it prosper? How did it become known as an intellectual center?

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Definitions:

Dividends

Money distributed by a corporation to its members, sharing a part of the company's income.

Investment Adjustment

The process of modifying the value of an investment portfolio due to changes in asset values, investment performance, or investment strategy.

Semiannual Interest

Interest that is computed and disbursed semi-annually, commonly found in agreements for bonds and loans.

Bonds Dated

The date at which the bond is issued, establishing when interest payments will start to accrue and when the bond becomes mature for repayment.