The Monroe Doctrine

question 5

Multiple Choice

The Monroe Doctrine

• A) ensured that neither the Europeans nor the Americans would ever interfere in western hemispheric affairs.
• B) opened Japan to U.S. trade.
• C) gave the British an inroad into New Zealand.
• D) worked as a justification for U.S. intervention in western hemispheric affairs.
• E) handed the Philippines over to the United States.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the market.

Book Value

The value of a company or asset according to its financial statements, calculated by taking the total assets minus the liabilities and intangible assets.

Mortgage Payable

A liability account on the balance sheet representing the amount owed to a lender for property purchased.

Market Value

The present-day trading price for assets or services available in the open market.