The Following Questions Are Based on the Excerpt Below

question 38

Multiple Choice

The following questions are based on the excerpt below.
"From decades of debate on the colonists' right to self-government,popular sovereignty had emerged as the basic principle of legitimate government. But how was this principle to be realized in practice? ...Whig social contract theory specified that sovereignty resided in the will of the majority of the participants in the contract,limited only by the individual member's right to life,liberty,and property. Applied to the colonies,the question was,who were the legitimate participants in the new polity based on contract?"
Willi Paul Adams,The First American Constitutions,1980
-Which of the following would have argued most energetically in support of a limited definition of the legitimate participants in government?

• A) Enlightenment philosophers
• B) Thomas Paine
• C) Frontiersmen
• D) The Federalists

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Definitions:

Federal Reserve Board

The Federal Reserve Board is the governing body of the Federal Reserve System, the central banking system of the United States, responsible for setting national monetary policy.

M1

A category within the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Savings Deposits

Accounts held at financial institutions that earn interest while providing funds liquidity with few, if any, restrictions on withdrawals.

Demand Deposits

Bank accounts from which money can be withdrawn at any time without any advance notice.