What Was "Practical Christianity

question 29

Multiple Choice

What was "practical Christianity"?

• A) Blacks could only be "practical" Christians because they were not allowed to be members of the churches.
• B) Christians had to be as practical as possible, and that meant accepting slavery in the South.
• C) Some white southerners were called "practical Christians" because they never lived up to the ideals of their faith.
• D) Those who were saved had to help others as a part of their faith.

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Definitions:

Discount Rate

The interest rate that the Federal Reserve charges commercial banks for loans, or a rate used in discounted cash flow analysis to determine the present value of future cash flows.

Compounded Semi-annually

Interest calculation method where the interest is added to the principal twice a year, leading to a growth in the amount at a faster rate than simple interest.

Compounded Quarterly

This term refers to the calculation and addition of interest to the principal sum of a deposit or loan on a quarterly basis.

RRSP

A Canadian retirement savings plan that defers taxes on contributions and investment earnings until withdrawal.