Which of These Was True of the American Colonies in 1775

question 18

Multiple Choice

Which of these was true of the American colonies in 1775?

• A) Overall, their taxes were above average.
• B) Per capita income was higher than in any European country.
• C) The Hanovers kept a tight rein on the American colonists, but liberal ideas made that harder to do.
• D) The colonists had offered to put together their own standing army so that Britain would not have to bear that cost, but they had been rebuked.
• E) About one million free colonists lived in America by that time.

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Definitions:

Stock Securities

Shares of ownership in a corporation or financial assets representing such shares, which can be bought and sold in the stock market.

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically including bonds, notes, and bills.

Conservative Approach

A financial strategy that opts for lower risk investment options to preserve capital and ensure long-term security.

Trading Securities Portfolio

A portfolio of securities that the holder actively manages and buys or sells with the intention of profiting in the short term.