Which of the Following Occurred After Britain's Labour Party Won

question 6

Multiple Choice

Which of the following occurred after Britain's Labour Party won the parliamentary elections in 1945?

• A) An increase in taxes on income and inheritances
• B) Effective rebuilding of Britain's obsolescent capital equipment and infrastructure
• C) The removal of the social insurance program inherited from the Liberal reforms of 1906-1914
• D) The nationalization of the Bank of England, coal mines, and the iron and steel industries

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Definitions:

Collateralized Debt Obligations

A type of structured asset-backed security (ABS) with multiple layers of debt obligations typically secured by a pool of loans or other assets.

Promissory Note

A financial instrument comprising a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Financial Asset

An intangible asset representing a claim on future benefits or returns, examples include stocks, bonds, and bank deposits.

Real Asset

Physical or tangible assets that have value due to their substance and properties.