Which of the Following Is True of the Johnson Act

question 143

Multiple Choice

Which of the following is true of the Johnson Act, passed by Congress in 1934?

• A) The act forbade the government from extending loans to foreign governments that were in default on debts owed to the United States.
• B) By the act, the United States returned to the gold standard.
• C) The act declared a moratorium on war debts owed to the United States.
• D) Through the act, American banks were permitted to open foreign branch banks.

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Definitions:

Regular Classroom

A traditional educational setting where students of varying abilities and backgrounds are taught together.

High Personal Standards

The setting of elevated benchmarks or expectations for oneself in various aspects of life, such as performance, behavior, or ethics.

Achievement

The successful attainment of goals, measured through specific criteria such as scoring high on tests or acquiring a set of skills.

Competitive

Having a strong desire to compete or to be more successful than others, often involving striving for rewards or recognition.