Which of the Following Would Be Classified as a Long-Term

question 44

Multiple Choice

Which of the following would be classified as a long-term liability?

• A)Credit card debt
• B)Bank card debt
• C)Education loan balance
• D)All of these

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Definitions:

Antebellum South

The region and culture of the Southern United States in the period before the Civil War, marked by agricultural economy and slavery.

Planters

Wealthy landowners in agricultural economies who owned and controlled large plantations and the labor, often enslaved, that worked them.

Slave-Labor System

A system where individuals are forced into labor without pay, typically under harsh conditions.

Slaveholders

Individuals or entities that owned slaves, historically participating in the practice of human bondage and forced labor, a widely condemned violation of human rights.