In the State-Use System Profits Were Made Because Prisons Were

question 87

True/False

In the state-use system profits were made because prisons were able to make products that were cheaper for consumers, and the money that was made was used to subsidize the cost of prison operations.

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Definitions:

Par Value

The nominal or face value of a bond, stock, or other financial instrument, representing the amount to be repaid at maturity.

Market Price

Market price is the current price at which an asset or service can be bought or sold in a competitive marketplace.

Stock Dividend

A form of dividend payment made by a company to its shareholders in the form of additional shares, rather than cash.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, often used in legal documents.