Which of the Following Does NOT Describe Those Who Attended

question 34

Multiple Choice

Which of the following does NOT describe those who attended the Constitutional Convention?

• A) Most were better educated than the average American of the time.
• B) Most were prosperous by the standards of the day.
• C) A significant percentage had served in the army during the Revolutionary War.
• D) Most had earned their wealth after rising from humble origins.
• E) A majority had participated in interstate conventions during the 1760s and 1770s.

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Definitions:

Discount Rate

The interest rate that the Federal Reserve charges commercial banks for loans, or a rate used in discounted cash flow analysis to determine the present value of future cash flows.

Compounded Semi-annually

Interest calculation method where the interest is added to the principal twice a year, leading to a growth in the amount at a faster rate than simple interest.

Compounded Quarterly

This term refers to the calculation and addition of interest to the principal sum of a deposit or loan on a quarterly basis.

RRSP

A Canadian retirement savings plan that defers taxes on contributions and investment earnings until withdrawal.