All of the Following Happened as a Result of the Embargo

question 5

Multiple Choice

All of the following happened as a result of the embargo act, EXCEPT:

• A)the price of virtually every consumer good went down.
• B)1200 New Yorkers ended up in debtor's prison.
• C)wholesale prices for agricultural products spiraled downward.
• D)tobacco prices declined.

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Definitions:

Direct Deposit

An electronic payment method where funds are transferred directly into the recipient's bank account, bypassing the need for physical checks.

Automatic Withdrawal

A banking process where funds are automatically taken from a bank account to fulfill a financial commitment.

Book Balance

The amount of money shown in a company's financial records, excluding any pending transactions.

Bank Cash

The amount of cash that a bank has in its vaults and with the central bank; also a term used to describe readily available funds.