After the 1340s,the Economy of Europe Was Marked By

question 14

Multiple Choice

After the 1340s,the economy of Europe was marked by:

• A) gold shortages.
• B) silver shortages.
• C) inflation.
• D) decreasing demand for luxury goods from the Far East.
• E) the discovery of new gold supplies within Europe itself.

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Definitions:

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is often deductible for the borrower for tax purposes.

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Stockholders' Equity/Total Assets

A ratio expressing the proportion of a company's assets that are financed by shareholders' equity.