Estates General was the common estate of three estates - First estate (clergy), Second estate (nobility) and Third estate ( commoners). Before the Estates General the three estates were rigidly divided and their interests were antagonistic to each other. The absolute monarchy and economic crises brought them under one common platform i.e Estates General. Here they began to shun the separate estates and fought for a common cause. Estates General paved the way for national assembly and ultimately united France under one national identity.
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The 26 states in Switzerland once formed an alliance known as a confederation. During that period, the major share of power rested in the state government.
Explanation:
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The British Empire expanded to include most of India, large parts of Africa and many other territories throughout the world.
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The correct option is A: Banks decrease their prime rate.
Explanation:
When the government through the Federal Reserve ups the discount rate, other rates tend to follow in the same direction. The reverse is also true.
The discount rate is the rate at which the Federal Reserve lends to Commercial Banks. Commercial banks on the other hand, in order to keep the profit, are forced to adjust their prices in the direction of the discount rate.
The prime rate is the rate at which commercial banks lend to their customers who have very good credit ratings.
The discount rate in economics is one of the monetary policy tools available for use by the government. It is used to adjust factors such as money supply and inflation.
Cheers
The death of Caesar on the Ides of March sent the Roman Republic into a crisis that ultimately led to its abolition and the emergence of the Imperial system.
