The Constitution Helped Establish a Secure and Well-Defined System of Property

question 48

Multiple Choice

The Constitution helped establish a secure and well-defined system of property rights and rights of persons because it did which of the following?

• A) It established that people could be deprived of property without due process of law.
• B) It loosely defined which contracts would be enforced.
• C) It permitted bankruptcy without just cause and required government stamp of approval.
• D) It let market forces, not government, set prices on the sale of land among private citizens.

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Definitions:

Currency

The monetary system commonly utilized within a specific nation.

Free Check-Cashing Services

Services provided without a fee to convert checks into cash.

Welfare Banks

Financial institutions typically focused on social welfare goals, offering inclusive financial services aimed at enhancing the living standards of the underprivileged.

Credit Card

A payment card issued by financial institutions that lets cardholders borrow funds with which to pay for goods and services.