A Large Percentage of Startups Obtain Seed Capital Through Banks

question 3

True/False

A large percentage of startups obtain seed capital through banks.

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Definitions:

Malt Liquor

A North American term for a type of beer with a high alcohol content, typically above 6% by volume, made by fermenting grains.

Anti-Saloon League

An influential American organization founded in 1893 that advocated for the prohibition of alcohol, playing a key role in the passage of the 18th Amendment, which initiated Prohibition.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States including former slaves, and guaranteeing all citizens "equal protection of the laws."

Homer Plessy

An African American man whose 1896 Supreme Court case, Plessy v. Ferguson, upheld the constitutionality of racial segregation under the "separate but equal" doctrine.