The Articles of Confederation Required __________ Consent from the States

question 10

Multiple Choice

The Articles of Confederation required __________ consent from the states for ratification.

• A)three-fifths
• B)unanimous
• C)two-thirds
• D)majority
• E)three-fourths

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Definitions:

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, representing the cost of borrowing or the reward for saving.

Amortization Debt

A loan repayment plan in which the borrower pays both interest and principal over time, gradually reducing the outstanding balance.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.

Effective Annual Rate

The interest rate that reflects the compound interest rate paid or earned on an investment, loan, or other financial product over a year.