Reason the catholic church forbid banking to christians

Assignment Help Macroeconomics
Reference no: EM131325911

The Bible prohibits usury (Lev. 25). It is one reason the Catholic Church forbid banking to Christians for 1,000 years. However debt and the paying of interest is very common now. Is borrowing Biblically forbidden? What is the brief history of Christianity and interest, borrowing and banking in general? Should Christians lend or borrow?

Reference no: EM131325911

Questions Cloud

Use of reward and punishment in criminal justice : Determine a philosophy and approach for balancing the use of reward and punishment in criminal justice. Provide one to two (1-2) examples illustrating how you will use this philosophy in your own career
Determine whether interest rate parity holds : Assuming continuous compounding, determine whether interest rate parity holds and, if not, suggest a strategy.
Good research and prudent planning : The stock market is like a casino and buying stock is just like placing a bet. Stocks are risky but with good research and prudent planning one can earn significant returns. Pick a statement and defend it.
Write an analysis of what the list reveals about yourself : You compile a list on a certain topic (i.e., "Hateful Things" in SeiShonagan's The Pillow Book). Be sure to be descriptive and detailed in your items in the list. In addition to the list, write an analysis of what the list reveals about yourself..
Reason the catholic church forbid banking to christians : The Bible prohibits usury (Lev. 25). It is one reason the Catholic Church forbid banking to Christians for 1,000 years. However debt and the paying of interest is very common now. Is borrowing Biblically forbidden? What is the brief history of Chr..
Encode the low-low band using a 3-bit adaptive dpcm system : Encode the low-low band using an adptive delta modulator (CFDM or CVSD). Encode all other bands using a 1 -bit scalar quantizer.
Determine if the futures and options are priced correctly : Determine if the futures and options are priced correctly in relation to each other. If they are not, construct a risk-free portfolio and show how it will earn a rate better than the risk-free rate.
Determine the intrinsic value of the call : Determine the intrinsic value of the call.- Determine the time value of the call.- Determine the lower bound of the call.- Determine the intrinsic value of the put.
What is white collar crime : What is white collar crime? How is it different from conventional crime? How is the term "trusted criminals" relevant to white collar crime? What are the characteristics of people who commit white collar crime

Reviews

Write a Review

Macroeconomics Questions & Answers

  How many hours does cindy now spend playing golf

List the combinations of hours spent playing golf and tennis that Cindy can now afford. along with the combinations in part (a), list Cindy's marginal utility per dollar from golf and from tennis. How many hours does Cindy now spend playing golf and ..

  Public savings to behave over the business cycle

How would you expect Public Savings to behave over the business cycle (assuming no fiscal or monetary policy is implemented)? Explain.

  Logical constructions of mathematical economics

How is it possible to provide causal explanations using the purely logical constructions of mathematical economics?

  Determination of monopoly price-output and consumer surplus

Consider a monopolist facing demand curve Q = 100 - P. MC=AC=$20. Find out the monopoly price, profits, and consumer surplus.

  Which one do you feel is most important to you and why

Of the three functions of money, which one do you feel is most important to you and why? Of the three functions which one do you feel is most important to the U.S. economy and why.

  What profit does each firm earn with such collusion

Once again, assume Cournot competition in an industry in which market demand is described by P = 260 - 2Q and in which each firm has a marginal cost of 20. However, instead of two firms, let there now be four. a. What is the one-period Nash equilibri..

  Find substitution effect on labor hired due to wage increase

Assume two inputs, K and L. Illustrate the following cases with two graphs: (1) the substitution effect on labor hired due to a wage increase is zero. (2) the scale effect on labor hired due to a wage increase is zero.

  Discuss the differences among commodity money and fiat money

Discuss the differences among commodity money and fiat money, making sure to explain what makes fiat money work.

  What occurs when real gdp exceeds potential gdp

What is the effect on the aggregate demand curve of the increase in government purchases? What occurs when real GDP exceeds potential GDP? What curve shifts in order to restore real GDP to potential GDP? Why does this curve shift?

  Chronology of the development of the internet

1) When looking at the chronology of the development of the Internet, which development do you believe to be the most important? Why?

  Real interest rates

"Real Interest Rates" Please respond to the following: Determine the best possible way to account for inflation when considering where to invest your money. Provide specific examples to support your response.

  Question regarding the maximum price the airline

What is the maximum price the airline should be willing to pay for a new A-320neo? Note:  This computation is easiest to perform using MS Excel. The Excel computations may be copied and pasted into MS Word.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd