The Twenty-Sixth Amendment, Ratified in 1971

question 4

Multiple Choice

The Twenty-sixth Amendment, ratified in 1971,

• A) gave voting rights to all African Americans.
• B) eliminated artificial barriers to voter participation.
• C) lowered the voting age for U.S. citizens from 21 years old to 18 years old.
• D) gave women the right to vote.
• E) mandated automated voting machines in all states.

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Definitions:

Strike Price

The set price at which the holder of an options contract can buy (call option) or sell (put option) the underlying asset.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, often represented by government bonds.

Call Option

A call option is a financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.

Predetermined Price

A price level set in advance for transactions that will occur under specified conditions.