For Almost Two Hundred Years, North America Was Considered a "Settler

question 14

Multiple Choice

For almost two hundred years, North America was considered a "settler society" formed and populated by imperial powers who wanted to colonize an area to develop and strengthen access to resources and wealth. In which years did U.S. and Canada establish their respective independence from Britain?

• A) 1763 & 1776
• B) 1776 & 1867
• C) 1776 & 1931
• D) 1763 & 1867

---

Definitions:

Deflation

Deflation is a decrease in the general price level of goods and services, often associated with an increase in the purchasing power of money.

Nominal Interest Rate

The proportionate growth in the amount of money that borrowers need to repay to lenders, excluding adjustments for inflation.

Nominal Interest Rates

The interest rate prior to inflation adjustment, denoting the nominal value of interest payments.

Real Interest Rates

The interest rates adjusted for inflation, more accurately reflecting the true cost of borrowing.