Texas's Commitment to Education Began with Which State Constitution

question 55

Multiple Choice

Texas's commitment to education began with which state constitution?

• A) 1861
• B) 1845
• C) 1877
• D) 1836
• E) 1876

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Definitions:

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest, in a loan or bond.

Fixed-Rate Mortgage

A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.

Principal Payments

Payments made on a loan that reduce the remaining balance of the principal amount borrowed.

Outstanding Balance

The outstanding balance is the amount of debt, or loan, that remains to be paid off.