Lenin's New Economic Policy (NEP) for the Soviet Union Was

question 21

Multiple Choice

Lenin's New Economic Policy (NEP) for the Soviet Union was:

• A) A continuation of the policy of "war communism", in which the Red Army was sent into the countryside to requisition food.
• B) A mixture of private and state investment in factories and small-scale food marketing by peasants.
• C) A failure, since it never returned the Soviet Union to prewar levels of industrial production.
• D) A catastrophe for the peasants, with between 6 and 14 million farmers forcibly removed, and the majority killed outright or worked and starved to death.

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Definitions:

Effective Interest Method

The effective interest method is an accounting practice used to amortize bond premiums or discounts over the life of the bond, producing a constant rate of interest over the period.

Semiannual Interest Date

The twice-yearly date on which interest payments are made to bondholders or lenders.

Discount

A reduction from the usual cost of something, often used as a sales strategy to encourage purchases.

Amortize

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.