Why Did the Jacobins Institute a New Calendar in October

question 15

Multiple Choice

Why did the Jacobins institute a new calendar in October 1793?

• A)The Julian calendar (named after Julius Caesar)sounded too royalist.
• B)The Gregorian calendar (named after Pope Gregory XIII)sounded too Catholic.
• C)The existing calendar was thirteen days behind.
• D)The revolutionaries wanted to destroy the Old Regime and build a new order.
• E)It was an attempt to make people forget about the past.

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Definitions:

Investment Policy Statement

A document drafted between a portfolio manager and a client that outlines general rules for the manager, including the client's objectives, risk tolerance, time horizon, and liquidity needs.

Scope and Purpose

"Scope and Purpose" defines the aims and boundaries of a project, policy, program, or strategy, outlining what it intends to achieve and the extent of its application.

Risk Requirements

Risk requirements define the level of risk that investors are willing and able to bear in their investment portfolios.

Duration Matching

A strategy used in financial management to align the durations of assets and liabilities to minimize interest rate risk.