The Platt Amendment

question 35

Multiple Choice

The Platt Amendment:

• A) Committed Cuba to representative democratic government
• B) Granted the United States the right to intervene in Cuban affairs
• C) Linked Cuba and the United States in a mutual defense pact
• D) Gave the United States special trading advantages with Cuba

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Definitions:

Gain on Sale of Investment

The profit realized from selling an investment for more than its purchase cost.

Fair Value

The estimated market value of an asset or liability based on current prices in an open and competitive market.

Equity Securities

Financial instruments that represent ownership in a company, such as stocks, entitling holders to dividends and capital gains.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of a business.