The Stamp Act of 1765

question 111

Multiple Choice

The Stamp Act of 1765

• A)was consistent with traditional parliamentary efforts to regulate commerce.
• B)did not generate a lot of revenue for the British.
• C)helped to unite the colonies in opposition to the English government.
• D)required the consent of the colonial assemblies before going into effect.
• E)really affected only a few New England merchants.

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Definitions:

Annuity's Payments

Regular fixed payments from an annuity contract, typically made to the holder for life or a specified period.

Mortgage Loan

A loan secured by the collateral of specified real estate property, which the borrower is obliged to pay back with a predetermined set of payments.

Compounded Monthly

Interest calculation method where interests earned themselves earn interest, recalculated on a monthly basis.

Interest

The cost of borrowing money or the payment received for deposit funds, usually expressed as a percentage rate over a period of time.