With Regards to Money in the Colonies

question 25

Multiple Choice

With regards to money in the colonies,

• A) the colonies did not produce enough of their own precious metals to coin money.
• B) the British did not allow the export of their own coins to the colonies but did not object to foreign coins flowing into the colonies.
• C) the British did not allow paper money created by the colonies to be declared legal tender, but this policy did not prohibit the colonists' use of it.
• D) all of the above apply.

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Definitions:

Fixed Overhead

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Released Facilities

Properties, equipment, or facilities that are no longer under contract or reserved, and are available for use or lease.

Full Capacity

The maximum level of output that a company can sustain within a given period under normal operating conditions.

Special Order

An order that deviates from the regular product offerings of a business, often requiring unique pricing and terms.