Which of the Following Is a True Statement About Shays

question 58

Multiple Choice

Which of the following is a true statement about Shays' rebellion?

• A)It was a warning about the dangers of true democracy, dangers that made many leading intellectuals incredibly nervous.
• B)It forced the Spanish to grant Americans access to the Spanish West Indies.
• C)It ensured that the English paid off their loans to British creditors.
• D)It emerged in opposition to the Northwest Ordinance of 1787.
• E)It prompted the government to issue several promissory notes, mostly to farmers whose land was used during the war.

---

Definitions:

Present Value

Present Value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Contract Interest Rate

The interest rate specified in a loan or bond agreement, representing the cost of borrowing or the rate of return promised to lenders.

Troubled Debt Restructuring

A process where the terms of a debt are modified due to the debtor's financial difficulties to provide relief.

Stated Interest Rate

The interest rate that is agreed upon in the loan document, which does not account for compounding.