Which of the Following Statements Describes the Effect of the Looming

question 11

Multiple Choice

Which of the following statements describes the effect of the looming bankruptcy that followed French assistance to the American revolutionaries?

• A) It allowed Swiss bankers to take over the economy.
• B) It convinced the king to invade Belgium while he still had a large military.
• C) It forced the French to ally with Prussia.
• D) It prevented the French from supporting Dutch Patriots.
• E) It led to-and was quickly solved by-a series of financial reforms by Jacques Necker.

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Definitions:

Wage Garnishment

A court-ordered process that requires an employer to withhold a portion of an employee's wages and send it directly to the creditor until a debt is paid off.

Exempt Property

Property that is protected by law from being taken by creditors or in bankruptcy proceedings, typically including a primary residence, clothing, and basic household furnishings.

Designated Amount

A specific sum of money that has been allocated for a particular purpose or recipient.

Federal Consumer Credit Protection Act

Legislation that aims to ensure fair and informed use of consumer credit, including provisions on disclosure of credit terms and protecting consumers from unfair practices.