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Introduction to World Civilization
Introduction to World Civilization Deneme Sınavı
Introduction to World Civilization Deneme Sınavı Sorusu #729896
Introduction to World Civilization Deneme Sınavı Sorusu #729896
The growth of trade in ancient Greece
led to the development of financial techniques. What was the most significant one?
interest |
merchandise |
harvesting |
taxes |
slavery |
Yanıt Açıklaması:
Most merchants, lacking sufficient cash assets,
resorted to borrowing to finance all or part of their expeditions. A typical loan for a large venture in 4th century BCE Athens, was generally a large sum of cash (usually less than 2,000 drachmas), lent for a short time (the length of the voyage, a matter of several weeks or months), at a high rate of interest (often 12% but reaching levels as high as 100%).
The correct answer is A.
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