The Organization Designed to Assist Slaves in Their Transition to Freedom

question 18

Multiple Choice

The organization designed to assist slaves in their transition to freedom by providing protection, education, and life skills was

• A)The Former-Slave Benevolent Society.
• B)The Freedmen's Bureau.
• C)The US Sanitation Commission.
• D)The Red Cross.

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Definitions:

Surplus

The amount by which the quantity of a product or service available exceeds the quantity demanded at the current price.

Shortage

A situation in which quantity demanded is greater than quantity supplied.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust so that identical goods cost the same in different countries.

Foreign-Currency Exchange

The process of converting one country's currency into another, facilitating international trade and investment through varying exchange rates.