The Loyalists Who Continued to Support the Crown After Independence

question 32

Multiple Choice

The Loyalists who continued to support the crown after independence had been declared were more likely to be all of the following except  

• A) well educated.
• B) from among the older generation.
• C) affiliated with the Anglican Church.
• D) from New England.
• E) wealthy.

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Definitions:

Market Rate

The Market Rate is the current price or rate at which a good or service can be bought or sold in a competitive marketplace.

Issue Price

It refers to the price at which a new security, such as a bond or stock, is offered to the public for sale.

Present Value

The present value of a future amount of money or succession of cash flows, assuming a certain rate of return.

Bond Interest Expense

The cost incurred from borrowing funds through the issuance of bonds, represented as interest payments to bondholders.