5 Questions
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?
First Council of Nicaea
Who argued that the charging of interest is wrong because it amounts to 'double charging'?
St. Thomas Aquinas
Test your knowledge about interest in finance and economics with this quiz. Explore the concepts of borrower payments, lender deposits, rates, and distinctions from fees and dividends.
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