It Could Most Accurately Be Stated of the Articles of Confederation

question 9

Multiple Choice

It could most accurately be stated of the Articles of Confederation that

• A) they were not ratified until 1783.
• B) John Dickinson's treatise was used to argue against ratification.
• C) the central government under the Articles had very little power.
• D) only eleven of the states ever ratified the Articles.
• E) one of the few powers given by the Articles was the right of taxation.

---

Definitions:

Market Rate

The prevailing rate or price at which goods, services, or securities are traded in a competitive marketplace.

Bond Issue

The method through which a corporation or governmental entity generates capital by issuing bonds to investors.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.

Effective Interest Method

A method of calculating the amortized cost of a bond and of allocating interest income over the bond's life, reflecting the constant rate of interest over the period.