What Did the Continental Association Call For

question 118

Multiple Choice

What did the Continental Association call for?

• A) a near total end to trade with Great Britain and the West Indies
• B) the democratic election of all colonial government officials
• C) the adoption of a formal declaration of independence from Britain
• D) an end to the slave trade
• E) the right to free assembly and to trial by jury

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Definitions:

Negative Amortization

A situation in which the principal balance on a loan increases because the payments made do not cover the interest due.

Early Payments

Early payments are payments made before their due date, which can help reduce the amount of interest owed over time on loans.

Monthly Interest Charge

The amount charged by a lender to a borrower for the use of assets on a monthly basis, calculated as a percentage of the principal.

Real Rate

The interest rate that has been adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.