The ________ Clause of the U

question 12

Multiple Choice

The ________ clause of the U.S.Constitution reads that Congress is empowered to lay and collect taxes,duties,imposts,and excises,and to pay the debts of the United States.

• A)necessary and proper
• B)general welfare
• C)commerce
• D)supremacy

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Definitions:

Inflation

The speed at which the overall cost of goods and services increases, in turn diminishing the buying power.

Present Value

The now value of a future cash flow stream or lump sum, discounted by a chosen rate of return.

Growing Annuity

A series of periodic payments that grow at a constant rate for a defined number of periods.

Cash Flow Growth Rate

The rate at which a company's cash inflow (from operations, investing, and financing) is growing over a specified period of time.