The Confederate Blockade Runner,the Merrimack,was

question 91

Multiple Choice

The Confederate blockade runner,the Merrimack,was

• A) destroyed by Union troops to prevent its use as a slave ship.
• B) captured and used by Union troops to help restore the Federal blockade.
• C) destroyed by Confederate soldiers to keep it out of the hands of Union troops.
• D) able to escape to British ports.
• E) used to ferry both British and French troops across the ocean.

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Definitions:

Silver

A precious metal used for investment, industrial applications, and jewelry, known for its conductivity and antibacterial properties.

Reserve Requirement Ratio

The fraction of deposits that banks must hold in reserve and not loan out, as mandated by central banking authorities.

Central Bank

An institution designed to oversee the banking system, regulate the quantity of money in the economy, and provide various financial services to the government.

Treasury Bonds

Long-term government debt securities with a fixed interest rate, considered low-risk investments.