As a Result of the Molasses Act of 1733

question 1

Multiple Choice

As a result of the Molasses Act of 1733,

• A) New England rum had to be shipped to England before being exported to another country.
• B) New England merchants and shippers gained new respect for royal authority.
• C) trade between New England and the French West Indies collapsed.
• D) many of New England's largest merchants and distillers resorted to smuggling.

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Definitions:

Sharpe Ratio

A measure used to evaluate the risk-adjusted return of an investment by dividing the difference between the investment's return and the risk-free rate by the standard deviation of the investment's returns.

Benchmark

A standard or reference by which the performance of a security, manager, or investment portfolio can be measured.