How Many States Were Required to Ratify the Articles of Confederation

question 62

Multiple Choice

How many states were required to ratify the Articles of Confederation before they could go into effect?

• A) all thirteen states
• B) twelve states
• C) nine states
• D) a simple majority of seven states

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Definitions:

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Coupon Rates

The interest rate stated on a bond when issued, which represents the annual interest payment divided by the bond's face value.

Coupon Interest Rate

The rate at which a bond issuer agrees to pay interest to the bondholders, usually expressed as an annual percentage of the face value of the bond.

Yield To Maturity

The total return anticipated on a bond if held until the date it matures, including all payments of interest and principal.