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In Luther"s time it financed the construction of what we now know as St.Peters church in Rome the showpiece of the Vatican. it may also have financed the Viper-like collonade tunnels which lead up to the Church Building proper and suggest almost a modern (Artificial Tunnel) like those on the Denver & Rio Grande and temporary ones to all pedestrian (and out of the weather) access around construction sites, minimizintg falling-debris accidents. I have seen many of these (Tunnels) in NYC.
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∙ 15y ago
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What are the indulgences that John Tetzel used to raise money to build Pope Leos St Basilica?
SaveJohn Tetzel used indulgences to raise money to build Pope Leo's St. Basilica. What are indulgences?
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What was the biggest mistake of the Catholic religion?
Selling indulgences for money.
Was the selling of indulgences a way for the pope to raise money?
Selling indulgences raised money for the church and the pope. They managed to convince the people to buy indulgences even though common sense would tell people that buying a piece of paper does not rid all of a person's sins.
What was the Reserve Fund?
The Reserve Fund was the first money market mutual fund
What were Johann Tetzel's beliefs?
Johann Tetzel was perhaps the most famous saleman for indulgences in the 16th century. He worked for Bishop Albert in southern Germany, selling indulgences, (which are documents made by the Catholic Church to give forgiveness of sins and less time in pergatory in exchange for money). He used all kinds of misleading advertising and gimics to sell indulgences, and it was his actions that enraged Martin Luther to write the 95 theses. As for his beliefs, he was a staunch Catholic who probably thought he was doing god's work by selling indulgences to help fund the construction of St. Peter's Basilica in Rome.
What percentage of money goes to the salesman of a mutual fund?
Around 1% of the money you invest in the fund goes to the salesman who sells the fund to you.
Do fund of funds raise money?
A Fund of Fund is a Mutual Fund where the fund manager does not buy individual stocks. Instead he buys mutual funds of a particular type. Maybe Equity Oriented Funds or Debt Oriented Funds etc. When the Fund of Fund starts an IPO, they raise money from investors and then begin investing money in the various fund schemes
Which monk raised money for the Church by selling indulgences?
A monk that raised money for the church by selling indulgences is John Tetzel. It is believed that his action inspired Martin Luther to write the Ninety-Five Theses.
Explain taxes as a sources of fund?
All of the money taxes that is collected from the taxpayers would be a source for the fund. And the source of the fund would be the taxpayers that are paying the money tax to the fund.
Can you use the word fund in a sentence?
He withdrew the money for the repair from his emergency fund. He planned to fund his trip with the money he made mowing yards.
