The First Major Deadlock That Occurred in the New Government

question 23

Multiple Choice

The first major deadlock that occurred in the new government concerned

• A) the federal assumption of the country's debts owed to states and wealthy individuals.
• B) where the capital should be permanently located.
• C) how to respond to the "Whiskey Rebellion."
• D) how to deal with foreign governments.
• E) control over unlawful protective tariffs.

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Definitions:

Flood Insurance

A specific insurance coverage against property loss from flooding, typically required for buildings in designated flood-prone zones.

Pooling Of Risk

The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.

Diversification

The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.

Flood Insurance Premiums

The payments made periodically to an insurance company in exchange for coverage against loss or damage caused by flooding.