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Match the Term with the Definition

question 47

Multiple Choice

Match the term with the definition.
-Informal pact in which Democrats agreed not to block Rutherford B.Hayes's inauguration and to deal fairly with freedmen.Hayes vowed not to use the army to uphold the remaining Republican regimes in the South and to provide the South with substantial federal subsidies for railroads.The agreement brought Reconstruction to an end.


Definitions:

Quarterly Payments

Payments made four times a year, typically for loans, mortgages, or other financial products.

Monthly Payments

Regular amounts paid each month towards the repayment of a loan or debt.

Nominal Rate

The interest rate stated on a loan or investment agreement, not accounting for inflation or other factors that affect the real rate of return.

Compounded Monthly

Interest on an investment calculated each month and added to the principal, increasing the amount on which future interest is computed.

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