The Charter of Liberties and Privileges in New York

question 9

Multiple Choice

The Charter of Liberties and Privileges in New York:

• A) was the work of the Dutch, who did not trust the English to protect their religious freedom.
• B) resulted especially from displeasure among residents of Manhattan.
• C) required that elections be held every three years.
• D) affirmed religious toleration for all denominations.
• E) eliminated the property requirement for voting.

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Definitions:

Commercial Paper

A short-term, unsecured debt security that corporations issue, primarily to fund payroll, accounts payable, and inventory needs.

Bank Loans

Debt provided by banking institutions that is repayable over a set period of time with interest.

Pledged

Assets that are promised or committed as security for the fulfillment of a debt or an obligation.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.