The Declaration of the Rights of Man and Citizen Guaranteed

question 50

Multiple Choice

The Declaration of the Rights of Man and Citizen guaranteed

• A)free or affordable food for the poor.
• B)equality under the law for all French men.
• C)equality under the law for all French men and women.
• D)a constitutional monarchy for France.
• E)the right to vote for all French men.

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Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation; the stated or face interest rate on a loan or investment.

Real Rate of Interest

Real Rate of Interest is the interest rate that has been adjusted to remove the effects of inflation, providing a more accurate measure of the cost of borrowing.

Rate of Inflation

This refers to the annual percentage increase in the general price level of goods and services in an economy over a period of time.

Effective Usury Laws

Laws designed to set maximum interest rates that can be charged on loans, to prevent lenders from charging excessively high rates.