The Allocation of Land Grants to Farmers and to Railroad

question 65

Multiple Choice

The allocation of land grants to farmers and to railroad companies by Alexander Hamilton to encourage western settlement is an early example of

• A)contracting.
• B)lending.
• C)deregulation.
• D)subsidies.
• E)monetary policy.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including the balance sheet, income statement, and cash flow statement.

Bond Issue

The process by which an issuer creates a financial security (bond) that can be purchased by investors, representing a loan made by the investor to the issuer.

Interest Payable

This refers to the amount of interest expense that a company owes to its creditors, which has been incurred but not yet paid.

Calendar Year

An accounting period that extends from January 1 to December 31.