In August 2011,Standard & Poor's (S&P)changed Its Rating on U

question 122

Multiple Choice

In August 2011,Standard & Poor's (S&P) changed its rating on U.S.Treasury bonds from ________ based on the state of the federal government's budget deficit.

• A)"A" to "D"
• B)"A" to "AAA"
• C)"A+" to "B+"
• D)"AAA" to "AA+"

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Definitions:

Kit Carson

An American frontiersman and soldier who played a key role in the westward expansion of the United States, but whose actions also contributed to the displacement of Native American tribes.

Navajos

are a Native American people of the Southwestern United States, known for their rich cultural traditions, art, especially weaving, and their history of resilience and sovereignty.

Union Troops

Soldiers who fought for the Northern states during the American Civil War.

New Mexico Territory

The New Mexico Territory was an organized incorporated territory of the United States that existed from 1850 until 1912, when the remaining portion of the territory was admitted as the state of New Mexico.