When and How Was Australia Settled

question 37

Multiple Choice

When and how was Australia settled?

• A) Fossil evidence from Lake Mungo in New South Wales suggests that Australia was settled as early as 100,000 years ago by Melanesian settlers who crossed the exposed land bridges connecting the Pacific islands.
• B) An interglacial period around 70,000 B.P. allowed the seafaring people of Tasmania to navigate to the Australian mainland.
• C) A glacial period around 50,000 B.P. exposed a land bridge connecting Asia and Australia, making it possible for humans to cross over on foot.
• D) Humans crossed the narrow straits separating Asia and the then continent of Sahul (Australia, New Guinea, and Tasmania), perhaps in primitive watercraft, around 50,000 B.P.
• E) Fossil evidence from Lake Mungo in New South Wales suggests that Australia was settled around 50,000 B.P. by humans from Asia following big game.

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Definitions:

Time Value

The principle that money in hand today has a greater value than an identical sum received in the future because of its ability to earn more over time.

Investment

The process of distributing funds with the aim of earning an income or a profit.

Future Value

The value of an investment at a specified date in the future, factoring in variables like capital growth and interest rates.

Compounding

The process whereby interest is credited to an existing principal amount as well as to interest already paid, leading to exponential growth over time.