Under the Articles of Confederation, Commerce Between the States Suffered

question 51

Multiple Choice

Under the Articles of Confederation, commerce between the states suffered because:

• A)Congress could not reach at a consensus concerning trade policies.
• B)there was no central authority to manage it.
• C)states competed with each other to acquire western lands.
• D)states had limited power to regulate commerce and levy taxes.
• E)Britain prohibited American ships from trading in the West Indies.

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Definitions:

Coupon Rate

The annual interest rate paid by a bond, expressed as a percentage of the bond's face value.

Current Yield

A financial ratio that shows the annual return (interest or dividends) of an investment as a percentage of its current price.

Semi-Annual

Occurring twice a year; often refers to the payment frequency of bond interest or dividends.

Coupon Bond

A debt security that pays the holder interest payments at predefined intervals until maturity, at which point the principal is repaid.