Southern Delegates Met at a Convention in Nashville in the Summer

question 30

Multiple Choice

Southern delegates met at a convention in Nashville in the summer of 1850 to

• A) plan southern secession.
• B) plan ways to acquire more slave territory.
• C) propose a series of constitutional amendments to protect slavery.
• D) organize filibustering expeditions into Central America.
• E) condemn the Compromise of 1850.

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Definitions:

Deposits

Funds placed into an account at a banking institution for safekeeping and potential interest accrual.

Reserve Ratio

The reserve ratio is the fraction of deposits that a bank is required to hold in reserve and not lend out, set by the central bank to control the money supply.

Money Multiplier

A concept that describes the amount of money that banks can generate with each dollar of reserves.

Percent

A mathematical term describing one hundredth of a particular quantity; a unit of proportion or rate expressed as a fraction of 100.