Religious Opposition Decreased During the Renaissance Because

question 58

Multiple Choice

Religious opposition decreased during the Renaissance because:

• A)loans to the poor often carried high interest rates.
• B)loans and deposits primarily consisted of wealthy customers.
• C)the Industrial Revolution demanded new methods of making payments and obtaining credit.
• D)savings and wealth were lost due to war,theft,and expropriation by governments.
• E)All of the options are correct.

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Definitions:

Loan

A sum of money that is borrowed, usually from a financial institution, which requires repayment with interest over a set time frame.

Invested Funds

Money allocated into financial ventures with the expectation of achieving a profit or gaining an income.

Accumulate

The process of gathering or increasing an amount of something over a period of time.

Compounded Annually

The calculation of interest on both the initial principal and the accumulated interest from past periods once a year.