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Probably the Most Radically Economic New Deal Program That Provoked

question 57

Multiple Choice

Probably the most radically economic New Deal program that provoked widespread charges of creeping socialism by Republican and conservative critics of President Roosevelt's administration was the

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Definitions:

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for inflation.

Inflation

How quickly the average price of goods and services elevates, lessening the power to purchase.

APR

Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment, which includes all fees and costs associated with the transaction.

Mortgage Rate

The interest rate charged on a mortgage loan, determined by the lender, which affects the monthly payments and total amount paid over the life of the loan.

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