During the Events of Lexington and Concord

question 26

Multiple Choice

During the events of Lexington and Concord,

• A)colonists tried to surprise the British by seizing a British arsenal.
• B)the Americans lost many more men than the British.
• C)the British were harassed by the gunfire of American farmers.
• D)George Washington gained his first victory in the conflict with England.
• E)Massachusetts was further alienated from the more moderate colonies.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower fails to pay.

Purchase-Money Security Interest

A legal claim or lien on property that secures payment of the price or an obligation incurred for the property's purchase.

Consumer Good

A good used or bought for use primarily for personal, family, or household purposes.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically detailing income, assets, liabilities, and equity at a specific point in time.