What Happened to the Many Men of Color Who Participated

question 10

Multiple Choice

What happened to the many men of color who participated in the wars of independence?

• A) They lost their freedom and continued to work on farms.
• B) They were paid large amounts of money and granted workers.
• C) They became honored war heroes.
• D) They were not allowed to fight in the wars.

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Definitions:

Reserves

Assets held by financial institutions or central banks as a requirement or for ensuring liquidity in times of need, including cash, deposits, or securities.

Money Supply

The Money Supply is the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

Interest Rates

The expense incurred when taking out a loan, usually shown as a percent of the total amount loaned.

Federal Funds Market

A U.S. financial market allowing banks to borrow and lend excess reserves to each other, usually overnight, at an interest rate called the federal funds rate.