Which of the Following Describes the First Continental Congress of 1774

question 44

Multiple Choice

Which of the following describes the First Continental Congress of 1774?

• A) Patriot leaders convened the group in response to the imposition of the Coercive Acts.
• B) The group united representatives from all of the British colonies in North America.
• C) It reviewed and accepted Joseph Galloway's Plan of Union.
• D) Delegates drafted and passed a conciliatory declaration of rights and grievances.

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Definitions:

Upward Sloping

A graph line that shows an increase in value over time, often used in economics and finance to indicate growth.

Convertible Bonds

Security that is convertible into shares of common stock, at a fixed price, at the option of the bondholder.

Subordinated Debt

A type of debt that ranks below other debts with regard to claims on assets or earnings in the event of a liquidation.

Junk Bonds

High-yield but high-risk bonds issued by companies or entities with lower credit ratings, indicating a higher risk of default.