In 1921 the U

question 1

Multiple Choice

In 1921 the U.S. put into place an immigration policy that set quotas on the number of immigrants based on their _______.

• A) racial status.
• B) educational background.
• C) ability to find employment.
• D) nation of origin.
• E) nation of birth.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make payments.

Creditor

An individual or organization to whom money is owed by a debtor.

Co-Sign

To sign a legal document alongside another person, often agreeing to take responsibility if the primary signer fails to meet the terms.

Credit Application

A form or request submitted by an individual or business seeking to obtain credit from a lending institution.