What Is the Significance of the Supreme Court's Decision on Barron

question 49

Multiple Choice

What is the significance of the Supreme Court's decision on Barron v. Baltimore?

• A) It rendered the Bill of Rights largely ineffective beyond cases involving the federal government.
• B) It effectively upheld the Fourteenth Amendment's protection of freed slaves from discrimination.
• C) It extended the right to vote and the right to own property to African Americans and women.
• D) It set precedent for the establishment and protection of both civil rights and civil liberties.

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Definitions:

Maturity Value

The total amount that will be paid to an investor at the maturity date of a financial instrument, including principal and interest.

Bank Discount

The difference between the face value of a banknote or security and its selling price, before it reaches its maturity.

Discount Period

The time frame within which a buyer can pay less than the full amount due by taking advantage of a discount offered by the seller.

Discounted Note

A promissory note that is sold or redeemed for less than its face value before its maturity date.