Which of the Following Was True of the Union's National

question 39

Multiple Choice

Which of the following was true of the Union's national conscription law?

• A)It provided the bulk of the army for the rest of the war.
• B)It allowed a person to gain exemption until the next draft by paying a $300 commutation fee.
• C)It stipulated that a state must use the draft to meet its quota of soldiers.
• D)It set the draft age range from eighteen to forty-five.
• E)All of the above.

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Definitions:

Interest Rate

The percentage charged on the total amount of borrowed money or earned through investments, indicating the cost of credit or yield.

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.

Money Supply

The entirety of monetary valuables available in an economy at any chosen time, featuring cash in the form of coins and notes, along with the sums in checking and savings accounts.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.