Which of the Following Statements Correctly Describes the Fate of Loyalists

question 78

Multiple Choice

Which of the following statements correctly describes the fate of Loyalists after the British defeat in the American Revolution?

• A) The Confederation government deported them to Sierra Leone.
• B) State tribunals quickly tried them and executed thousands.
• C) The wealthy Loyalists fled to Canada while the poor Loyalists remained in the new United States.
• D) Only a small number ¾ perhaps 3 percent ¾ left the United States.
• E) They bought large estates in northern New York and joined the Federalist party.

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Definitions:

Internal Rate of Return

A method used in capital budgeting to estimate the profitability of potential investments, calculated as the rate of return where the net present value of all cash flows is zero.

Present Value of Annuity

The current worth of a series of future cash flows, adjusted for interest, often used in calculating loans and investments.

Rate of Return on Investment

A measure of the profitability of an investment, calculated as a percentage of the original investment.

Net Present Value

A financial metric used to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows over a period of time.