One Reason the Colonials Complained About the Navigation Acts Was

question 15

Multiple Choice

One reason the colonials complained about the Navigation Acts was

• A) the "shortage" of money; they believed the trade deficits of the colonies were bleeding them of coins.
• B) the "surplus" of money that was causing inflation; they believed the trade deficits were flooding the colonies with coins.
• C) the Acts' not allowing foreign coins, which created a "shortage" of foreign coins relative to British coins.
• D) the Acts' requirement that only paper money would circulate in the colonies, without the backing of gold.

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Definitions:

Covariance

A metric that quantifies the extent to which two variables change in correspondence with each other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together, showing how one variable's movement is related to another's.

Standard Deviation

A statistical measurement that illustrates how spread out the values of a data set are around the mean, indicating the variability or volatility.

Expected Returns

The anticipated average return of an investment over a certain period, taking into account both the probability and the impact of all possible outcomes.