What Was the Purpose of the Capitularies That Clovis and His

question 62

Multiple Choice

What was the purpose of the capitularies that Clovis and his descendants issued?

• A)These property deeds were meant to resolve confusion about the boundaries between church and noble lands.
• B)These grants of privilege were designed to protect members of the nobility from having to pay more taxes in exchange for providing armed troops.
• C)These decrees establishing noble orders were designed to encourage competition among the nobility to achieve royal favor.
• D)These administrative and legislative orders were designed to maintain order in society by protecting property ownership and punishing criminal activity.

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Definitions:

Stock of the Economy

This term typically refers to the total value of all goods and resources available in an economy at a given point in time.

Nominal Rate of Interest

The interest rate unadjusted for inflation, representing the face value of interest payments.

Real Rate of Interest

The interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender.

Holding-Period Return

The total return received from holding an asset or portfolio of assets over a period of time, typically expressed as a percentage.