Farmers Believed That Their Plight Derived from All of the Following

question 95

Multiple Choice

Farmers believed that their plight derived from all of the following EXCEPT:

• A) high freight rates charged by railroads.
• B) excessive interest rates for loans from bankers.
• C) the high tariff policies of the federal government.
• D) the fiscal policy that reduced the supply of money in the economy.
• E) the free and unlimited coinage of silver.

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Definitions:

Lump Sum

An individual disbursement occurring at a certain point, in contrast to periodic payments carried out sequentially.

Proceeds

The amount of money received from a sale or transaction.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower for the use of lender’s funds.

Compounded Interest

Interest that is computed on both the original amount of money and the interest it has already earned over past periods, whether it’s a savings or a loan.