The "Open Door Notes

question 49

Multiple Choice

The "Open Door notes"

• A) sought to give the United States a monopoly on trade with China.
• B) gave the United States a reason to be militarily involved in China.
• C) were directed to imperial powers in Europe and Asia.
• D) were written by Theodore Roosevelt.
• E) argued that Japan should open its borders to free trade.

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Definitions:

Semiannual Compounding

Refers to the process of applying interest to a principal amount twice a year, resulting in interest being calculated on previously earned interest as well as the principal.

Calgary Real Estate Board

An industry association in Calgary, Alberta, that provides resources and support to real estate professionals.

Compound Increase

An increase where interest is calculated on the initial principal and also on the accumulated interest of previous periods.

Compounded Semiannually

The process of computing interest twice yearly and adding it to the principal sum, affecting the total amount earned or paid.