How Would One Describe the Men Who Attended the Constitutional

question 8

Multiple Choice

How would one describe the men who attended the Constitutional Convention?

• A) They were all slave owners.
• B) Most had more wealth than the average American.
• C) Most came from nobility in Europe.
• D) Very few had served in the military during the Revolutionary War.
• E) Most had no formal education.

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Definitions:

Nominal Interest Rate

The rate of interest before adjustment for inflation, representing the face value of borrowing or lending.

Interest Rate

An interest rate is the percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Strip Bond

A debt security that is derived from the coupon and principal payments of a bond, which are separated ("stripped") and sold as individual zero-coupon bonds.

Compounded Semi-Annually

Interest calculated on the principal and previously earned interest twice a year.