The Two Industries That the Transcontinental Railroads Most Significantly Expanded

question 126

Multiple Choice

The two industries that the transcontinental railroads most significantly expanded were

• A) textiles and fishing.
• B) mining and agriculture.
• C) banking and finance.
• D) shipping and fishing.
• E) electricity and telecommunications.

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Definitions:

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Withheld

The portion of an employee's income that an employer retains as mandated by law or agreement, typically for taxes or other deductions.

Matched by Employer

A benefit where an employer matches the contributions their employees make to a retirement plan, up to a certain percentage.

Installment Note Payable

A debt instrument that requires a series of payments over a specified period until the full amount is paid off.