The Homestead Act was passed in 1862 . However, only about 20 percent of newly-added farm land between 1870 and 1900 belonged to homesteads because
a. Americans were more interested in moving to cities than to homesteads.
b. the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably.
c. a treaty between the U.S. government and Native Americans prevented homesteaders from acquiring most of the land.
d. homestead filing fees were gradually increased during this time period.
b. the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably.
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The additional payment a borrower has to make on a loan is referred to as:
A) credit. B) stock. C) principal. D) interest.
If the Fed increases the money supply,
a. the interest rate increases, which tends to raise stock prices. b. the interest rate increases, which tends to reduce stock prices. c. the interest rate decreases, which tends to raise stock prices. d. the interest rate decreases, which tends to reduce stock prices.