All of the Following Were Conditions of the Platt Amendment

question 108

Multiple Choice

All of the following were conditions of the Platt Amendment except that Cuba

• A)could not make treaties with foreign powers.
• B)could not impose tariffs on U.S. imports.
• C)had to sell or lease land to the U.S. military.
• D)had to permit the United States to oversee Cuban political affairs.
• E)none of these choices

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Definitions:

Treasury Bills

Short-term government securities with maturation periods of one year or less, considered a safe and liquid investment option.

Opportunity Costs

The cost of missing out on the next best alternative when making a decision.

Cash Balance

The amount of cash a company has available at any given time, including bank balances and cash on hand.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits that could have been received but were given up to take another course of action.