Which of the Following Was a Reason That Some Called

question 57

Multiple Choice

Which of the following was a reason that some called for strengthening the Federal government in the 1780s?

• A)It would prevent states from making treaties with other nations.
• B)It would allow the states to print their own paper currency.
• C)It would introduce the ability of the states to levy taxes on imported goods.
• D)It would restrain three southern states that were threatening to secede.
• E)It would enable the government to derive sovereignty from the states rather than "the people."

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, giving shareholders voting rights and a share in the company's profits via dividends.

Premium on Bonds Payable

The amount by which the bond's selling price exceeds its face value.

Paid-In Capital

The amount of money raised by a company in exchange for shares of its stock, including both the par value of the stock and amounts in excess of par value.

Contract Rate of Interest

The contract rate of interest is the fixed interest rate specified in a debt instrument or loan agreement that the borrower must pay to the lender.