COPYRIGHTED MATERIAL
ARE YOU FINANCIALLY LITERATE? CHAPTERS 6-8
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1. Liquidity refers to the ability to quickly convert an asset to: a. cash b. gold
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c. savings d. wealth 2. During the Dark Ages, commerce declined dramatically, and with it the need for: a. farming b. doctors c. banks d. religion 3. State two ways in which the Crusades contributed to the revival of commerce: _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 4. In addition to material goods, like cotton, wool, and tools, what important product of the human brain was exchanged as a result of the Crusades? _ ____________________________________________________________________ 5. Under the manorial system, the economy was based primarily on __________ as a commodity. The Crusades required the exchange of money for payments of merchants along the Crusade route , which revived banking, and enabled the expansion of commerce; The Crusades established new trade relations. Ideas / knowledge PRODUCT PREVIEW
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a. money b. shells c. labor d. all of the above 6. Describe the distribution of wealth and power under the manorial system.
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_ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ Wealth and power were primarily in the hands of the nobility who owned the land. The majority of the population were peasants who traded labor for subsistence . Peasants had little opportunity to accumulate wealth and therefore had very little power.
Assessment 148
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