Interest in Finance and Economics Quiz
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Questions and Answers

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

  • Trigonometry
  • Calculus (correct)
  • Algebraic geometry
  • Number theory
  • In which civilization was the first recorded instance of credit found?

  • Ancient Egypt
  • Ancient Greece
  • Ancient Rome
  • Ancient Sumeria (correct)
  • What was the annual interest rate for compound interest in roughly 2400 BC?

  • 15%
  • 10%
  • 25%
  • 20% (correct)
  • 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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