Artisans Who Were Most Drastically Affected by Being Put Out

question 51

Multiple Choice

Artisans who were most drastically affected by being put out of work in industrialization were ______________.

• A) shoemakers
• B) weavers
• C) glassblowers
• D) clock makers
• E) tailors

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Definitions:

Stated Interest Rate

The nominal or advertised interest rate on a loan or bond, not accounting for compounding or fees.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as a financial charge for the privilege of borrowing money.

Bond Issuer

The entity, either a company or government, that borrows funds by issuing bonds.

Bond Premium

The additional amount paid over the face value of a bond, reflecting market interest rates lower than the bond's coupon rate.