Inflation at the End of the Civil War Was So

question 69

Multiple Choice

Inflation at the end of the Civil War was so bad that the cost of living in the South had grown _____ over the course of the war.

• A)three times
• B)five times
• C)ninety-two times
• D)fifty-two times
• E)twelve times

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not distributed as dividends to shareholders, used for reinvestment in the business or to pay debt.

Common Shares

Equity securities that represent a portion of the ownership of a corporation, typically granting voting rights and dividends.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities.

Changes in Equity

Movements in the value of an entity's equity over a period due to profits, losses, contributions from or distributions to owners.