The Selective Training and Service Act of 1940 _______________________

question 12

Multiple Choice

The Selective Training and Service Act of 1940 _______________________.

• A) prohibited the drafting of American men into the armed forces until Congress adopted a formal declaration of war
• B) required the racial integration of the armed forces of the United States
• C) was the first peacetime military draft in American history
• D) allowed women as well as men to be drafted into the armed forces of the United States

---

Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from its total revenue.

Exchange Rate

The value of one currency for the purpose of conversion to another, affecting international trade and investments.

Gain

The financial profit obtained when the selling price of an asset exceeds its purchase price.

Euros

The official currency of the Eurozone, which consists of 19 of the 27 European Union member states.