Final Regulations Can Take Effect on Any of the Following

question 13

Multiple Choice

Final regulations can take effect on any of the following dates except

• A)the effective date of the statutory language they interpret, provided they are issued within 18 months of the date of the change to the statute.
• B)the date on which final regulations were proposed.
• C)the date on which related temporary regulations were first published in the Federal Register.
• D)the date on which they were issued in final form.

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Definitions:

Gold Standard

A monetary system in which the value of a country's currency is directly linked to a specified amount of gold.

U.S. Dollar

The official currency of the United States, widely used as a global reserve currency and for international transactions.

Backed

Supported or secured, often used in financial contexts to refer to investments supported by tangible assets.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.