How Effective Was the Interstate Commerce Commission,the Nation's First Federal

question 2

Multiple Choice

How effective was the Interstate Commerce Commission,the nation's first federal regulatory agency?

• A) It was so weak in its early years that it served as little more than a historical precedent.
• B) It had unprecedented power to clean up and regulate the railroads.
• C) It was authorized to set interest rates for small-business loans.
• D) It was so powerful initially that the Supreme Court declared it unconstitutional.

Understand digital etiquette (netiquette) and its importance in online interactions.

Recognize the consequences of copyright infringement and other legal issues in technology.

Understand the key issuers of debt and their impact on the economy.

Identify and describe the recommended financial statements for government presentation as per the PSAB.

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Definitions:

Endorsed

The act of signing one's name on the back of a document, typically a financial instrument, indicating approval or transfer of rights.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money either on demand or at a set time, with the payee’s name mentioned on it.

Fraud in the Factum

A deception made during the act of signing a document, where the signer is misled about the nature of the document and what signing it entails.

Liable

Being legally responsible or obligated; for example, due to negligence or breach of contract.