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In Describing the Impact of Industrialization After 1890, Which of the Following

question 34

Multiple Choice

In describing the impact of industrialization after 1890, which of the following statements is NOT true?


Definitions:

Loan

An amount of money that is lent to someone, which is expected to be paid back with interest.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the principal amount.

Months

Units of time into which a year is divided, normally consisting of 28 to 31 days.

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

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