Which of the Following Statements Characterizes the Impact of the Slave

question 33

Multiple Choice

Which of the following statements characterizes the impact of the slave trade on Africa?

• A) Profits from the slave trade boosted most African economies.
• B) The slave trade,which shrank Africa's population,reduced its larger states to loose tribal confederations.
• C) The slave trade hardened African class divisions and changed gender relations.
• D) Slavery within Africa disappeared after its leaders began to export slaves to the Americas.

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Definitions:

Present Value

The present financial worth of expecting a sum of money or cash flows in the future, calculated by a certain rate of return.

Cash Flows

The cumulative amount of money circulating in and exiting a business, markedly influencing its liquidity position.

Effective Annual Rate

The interest rate on an investment or loan that is compounded annually, reflecting the full amount of interest paid or earned over a year.

Compounding

The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.