Under the New Economic Policy, the Bolsheviks

question 77

Multiple Choice

Under the New Economic Policy, the Bolsheviks

• A) confiscated the last remaining small businesses and peasant farms in Russia.
• B) gave up control of banks and the steel industry.
• C) funneled government investment towards consumer industries.
• D) allowed for the return to small-scale capitalism.
• E) controlled all the crop harvests of the peasants.

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Definitions:

Compensating Balance

A minimum bank account balance that a borrower must maintain as a condition for some types of loans and lines of credit.

Effective Annual Interest Rate

The interest rate that is adjusted for compounding over a given period. Essentially, it reflects the total interest that will be paid or earned over a year, taking into account the effect of compounding.

Inventory Turnover Rate

A financial metric measuring how often a company's inventory is sold and replaced over a period.

Sales

The total amount of goods or services sold within a specific time frame, indicating the performance and growth of a business.