Lab Questions - Business

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Lab Business 2
1. What is money?
Money is a medium of exchange representing something’s worth, usually through coins or banknotes. 2. How did religious views influence money-lending in early Italy? When did money lending become acceptable? Many religions frowned upon money lending. Italy contained many Christians and Jews and their biggest question was whether money lending was worth living eternally in hell. The practice of lending money only became acceptable when the Medici family rose around the 1400s. 3. How did the Medici get around the usury laws?

The Medici got around the usury laws by changing how people studied God, and by buying the ruling of the pope, since the pope could do no wrong, this made them exempt from illegal money lending. 4. How did the bond market develop?

The bond market is a financial market where new debts are issued; it is used to support the expenditures of the public and government. 5. What invention did the Dutch have that influenced the stock market? The Dutch invented the stock exchange in Amsterdam, which acted as the first stock market in the world. Their first traded stock was for the East India company, and the idea blossom soon after that. 6. What was the first joint-stock company? What determined the stock prices? A joint-stock company is a business entity that is owned by shareholders. The first joint-stock company was the Company of Merchant Adventurers to New Lands in 1553. Their stock prices were determined by how many shareholders their were. 1. What is money?

Money is a medium of exchange representing something’s worth, usually through coins or banknotes. 2. How did religious views influence money-lending in early Italy? When did money lending become acceptable? Many religions frowned upon money lending. Italy contained many Christians and Jews and their biggest question was whether money lending was worth living eternally in hell. The practice of lending money only became acceptable when the Medici...
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