Which Was the Most Historically Significant Function of Colonial Newspapers

question 84

Multiple Choice

Which was the most historically significant function of colonial newspapers?

• A) They enabled slave traders to advertise their wares.
• B) They allowed many more Americans to read Benjamin Franklin´s sage advice as "Poor Richard" than would have otherwise been the case.
• C) They provided news-hungry Americans with timely information on local events as they waited for news from overseas.
• D) They provided a forum for the airing of colonial grievances and rallying opposition to British dominance.
• E) By providing relatively inexpensive reading materials, they inhibited the development of a library system.

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Definitions:

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus depreciation.

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and the return of the principal at maturity.

Discount

A reduction applied to the normal selling price of goods or services, typically for the purpose of enticing customers or accelerating sales.

Journal Entry

A record in accounting that represents a transaction or adjustment affecting at least two accounts, which is necessary to keep the financial statements accurate.