How Long Did It Take for the Articles of Confederation

question 42

Multiple Choice

How long did it take for the Articles of Confederation, drafted in 1777, to be approved by all thirteen states?

• A) Three years
• B) One year
• C) Three months
• D) One month

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Definitions:

Interest Income

Income earned from deposit accounts or investments that pay interest, such as bonds and savings accounts.

Financial Assets

Assets that derive value from a contractual claim, such as stocks, bonds, bank deposits, and other investments.

Real Assets

Physical or tangible assets such as property, commodities, and natural resources that have intrinsic value.

Net Income

Net income refers to the total profit of a company after all expenses, taxes, and costs have been subtracted from its total revenue.