In Response to Southern Restrictions on the Export of Cotton

question 27

Multiple Choice

In response to Southern restrictions on the export of cotton in 1861 and 1862,

• A)Britain was forced to give financial aid to the Confederate government due to its dependence on Southern cotton.
• B)Britain provided a naval blockade protecting ships carrying Southern cotton.
• C)the price of Southern cotton soared,allowing Southern planters to earn substantial profits.
• D)Britain relied on alternate sources of supply to meet its cotton demand.

Calculate and understand the equivalent interest rates for various compounding frequencies.

Determine the most profitable investment option among different interest rates and compounding frequencies.

Calculate the total return on investment, including both income yield and capital gain yield.

Understand the impact of compound interest over multiple periods and its application to real investment scenarios.

---

Definitions:

Compressor Clutch

A device that engages and disengages the compressor in an air conditioning system, controlled by the system's pressure and electrical switches.

A/C Compressor

A mechanical pump driven by a vehicle's engine or an electric motor, part of the air conditioning system, responsible for compressing and circulating refrigerant.

R-134a Refrigerants

A type of hydrofluorocarbon (HFC) refrigerant used in automotive and residential air conditioning systems noted for its low impact on the ozone layer.

Electronic Leak Detector

Handheld devices with a flexible probe used to seek out refrigerant leaks. When a leak is detected, a flashing light or buzzer signals the technician.