New England Opposed the Notion of Federally Constructed Roads Because

question 142

Multiple Choice

New England opposed the notion of federally constructed roads because

• A) they cost too much.
• B) the Democratic-Republicans favored them.
• C) canals were a superior means of transportation.
• D) they would drain away population and create competing states in the West.
• E) they were poorly constructed.

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Definitions:

100-percent-reserve Banking

A banking system in which banks keep the full amount of their depositors' funds in reserve, meaning they do not loan out any of the deposits but instead hold 100% of deposited money.

Money Supply

The total amount of currency and monetary assets within an economy at a specific time.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that banks must hold against deposits, used to control the money supply.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are deemed at risk of failure.