Which States' Charters, Still in Effect, Are Actually Older Than

question 117

Multiple Choice

Which states' charters, still in effect, are actually older than the U.S.Constitution?

• A)Virginia and Maryland
• B)New York and Massachusetts
• C)Massachusetts and New Hampshire
• D)Maryland and New York
• E)New York and New Hampshire

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Definitions:

Inventory

The goods and materials a business holds for the purpose of resale or production.

Quick Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventory.

Current Ratio

A liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.