Enumerated Powers Are

question 52

Multiple Choice

Enumerated powers are

• A) powers that the executive branch has.
• B) powers that allow the president to do whatever he likes, as long as it carries out the Constitution.
• C) powers that are specifically granted to the national government by the Constitution.
• D) Supreme Court decisions.
• E) spelled out in the Necessary and Proper Clause of the Constitution.

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Definitions:

July Futures Contract

A standardized, legal agreement to buy or sell a commodity or financial asset at a predetermined price at a specified time in July.

Settle Price

The official price at the end of a trading session on a futures exchange, used for calculations of margin and account balances.

Option Premium

The price paid for the rights granted by an options contract, not considering the actual trading of the underlying asset.

June 550 Call

An options contract granting the holder the right, but not the obligation, to buy an underlying asset at a predetermined price of 550 units, expiring in June.