Answer:
They built those kind of palaces because they wanted to showcase their power and prestige. Es Escorial in particular was built by Philiph II, one of the most important kings in Spanish history, who presided over the rule of the Spanish Empire when it was in expansion.
These kind of palaces could also instill fear on political opponents, and this is another reason why practically every European powerful monarch built a palace like El Escorial in their respective countries.
The correct chronological sequence is:
2- Declaration of Independence
4- Articles of Confederation
1- US Constitution
3- Bill of Rights
In 1776, the United States declared itself as an independent nation, breaking out of the Kingdom of Great Britain's power.
After that, in 1781, the 13 original states of the United States came up with the Articles of Confederation, that served as their first constitution.
In 1787, during the Philadelphia Convention, the United States constitution was written and in 1789 ratified, replacing the Articles of Confederation.
The Bill of Rights was created in 1789, and ratified in 1791, and composes the ten first amendments to the US Constitution.
<span> (1) <em>building a network of roads through the
mountains
(2)</em><em> growing rice as a major agricultural product</em>
(3) <em>establishing an encomienda system
</em> (4) <em>creating floating gardens
</em><em />There are some choices my friend!<em>
</em></span>
Answer:
c. The maturity risk premium is zero.
Explanation:
Pure expectation theory states that the forward rate will represent expected future rate. Term structure is said to be a reflection of what the market expects future short term rates to be.
As future rates are expected to be the same as spot rates for that date, the theory is only applicable when there is no risk premium. That is the maturity risk premium is zero.
