Interest in Finance and Economics Quiz

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GlimmeringHouston
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Questions and Answers

What is the mathematical study that led to the discovery of the number e?

Calculus

In which civilization was the first recorded instance of credit found?

Ancient Sumeria

What was the annual interest rate for compound interest in roughly 2400 BC?

20%

Which ecumenical council applied regulations on usury to the laity in the ninth century?

<p>First Council of Nicaea</p> Signup and view all the answers

Who argued that the charging of interest is wrong because it amounts to 'double charging'?

<p>St. Thomas Aquinas</p> Signup and view all the answers

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