Which of These Was True of the American Colonies in 1775

question 18

Multiple Choice

Which of these was true of the American colonies in 1775?

• A) Overall, their taxes were above average.
• B) Per capita income was higher than in any European country.
• C) The Hanovers kept a tight rein on the American colonists, but liberal ideas made that harder to do.
• D) The colonists had offered to put together their own standing army so that Britain would not have to bear that cost, but they had been rebuked.
• E) About one million free colonists lived in America by that time.

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Definitions:

Wedding Expenses

The costs associated with organizing a wedding ceremony and reception.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Present Value

The present-day worth of an impending financial sum or sequence of cash disbursements, determined by a specific return rate.

Compounded Semiannually

This process involves the interest being calculated and added to the principal sum twice a year, leading to interest on interest.