Which of the Following Is True Regarding the Establishment of Cabinet

question 1

Multiple Choice

Which of the following is true regarding the establishment of cabinet departments?

• A) The first cabinet department to be created was Treasury and the most recently created was Education.
• B) The first cabinet department to be created was State and the most recently created was Homeland Security.
• C) The first cabinet department to be created was War and the most recently created was Energy.
• D) The first cabinet department to be created was Treasury and the most recently created was Health and Human Services.
• E) The first cabinet department to be created was State and the most recently created was Veterans Affairs.

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Definitions:

Present Value

The value today of a sum of money or series of payments expected in the future, adjusted for a certain rate of return.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the amount borrowed or invested.

Usury Law

A law that establishes the highest interest rates that lenders can apply to borrowed money.

Loaned Out

Refers to resources or money that has been borrowed out to individuals or entities under an agreement to be repaid, typically with interest, over a certain period.