Franklin Is Studying the Social Structure of Medieval European Cities

question 56

Multiple Choice

Franklin is studying the social structure of medieval European cities and wondering about the differences between them and cities today. What difference is he likely to find between the medieval cities and contemporary cities?

• A) Medieval cities were more densely populated.
• B) Medieval cities had more social equality.
• C) Medieval cities were usually smaller.
• D) Medieval cities were more socially complex.

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Definitions:

Black-Scholes

A mathematical model used to calculate the theoretical price of European style options based on risk, time, and other factors.

Variance

A statistical measure of the dispersion or spread between numbers in a data set.

Call Option

A financial contract giving the option buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.

Call Option

A finance-related agreement that allows the buyer the choice, yet not the duty, to purchase an equity, debt instrument, commodity, or another type of asset at an agreed-upon price within a set period.