When Grangers Referred to a Band of "Thieves in the Night

question 51

Multiple Choice

When Grangers referred to a band of "thieves in the night," they were referring to __________.

• A) businesses, especially railroads and banks, that charged high fees for their services
• B) cooperative enterprises that drew business away from the corporations that supported farmers
• C) the National Farmers' Alliance and Industrial Union
• D) the Colored Farmers' Alliance and Cooperative Union

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Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another, defining the relative value between two currencies.

Forward Rate

A term used in finance to describe the future exchange rate agreed upon in a forward contract, or the future interest rates as implied by the yield curve.

Foreign Currency

Currency used in a country other than one's own, often requiring exchange for domestic currency in international trade or finance.

Foreign Exchange Gain

A profit arising from a change in exchange rates when foreign currency holdings are valued at a higher rate.