The Pennsylvania System Began with a Penitentiary System Based on

question 33

Multiple Choice

The Pennsylvania system began with a penitentiary system based on .

• A) separate confinement
• B) communal living
• C) discipline and obedience
• D) labor for profit

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Definitions:

Amortized

The process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.

Outstanding Principal

The portion of a loan amount that has not yet been repaid to the lender.

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest, in a loan or bond.

Fixed-Rate Mortgage

A mortgage loan that has a fixed interest rate for the entire term of the loan, protecting borrowers from rising interest rates.