Under the Articles of Confederation

question 91

Multiple Choice

Under the Articles of Confederation,

• A) each state had one vote in Congress.
• B) all states had to approve any important measure.
• C) there could be no amendments to the Articles.
• D) no legislation could be passed without all states voting on the issue.
• E) the executive had the power to veto legislative decisions.

---

Definitions:

Maturity Value

The total amount due or payable at the end of a loan or investment period, including the principal and any accrued interest.

Daily Interest

Interest calculation method where interest is calculated daily on the principal amount, either leading to faster growth in savings accounts or quicker payoff in loans.

Simple Interest

A method of calculating interest where the interest charge is computed only on the principal amount and not on the interest that has accumulated.

Savings Account

A bank account where money is deposited for safekeeping, which earns interest over time.