While It Exists Within the Executive Branch, the Interstate Commerce

question 2

Multiple Choice

While it exists within the executive branch, the Interstate Commerce Commission (ICC) , to some extent, combines the powers and functions of all three branches of government, in that it makes, enforces, and resolves disputes over the rules. The ICC is an example of what type of organization?

• A) Cabinet department
• B) Independent executive agency
• C) Independent regulatory agency
• D) Independent legislative agency
• E) Government corporation

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.

Money Market

A section of the financial market where short-term funds are borrowed and lent, involving instruments like treasury bills and commercial paper.

Cash on Hand

The total amount of any accessible cash or near-cash assets, such as money in checking or savings accounts, at any given time.

Negotiable Checks

Negotiable checks are financial instruments that allow the person in possession of the check to transfer the claim for payment to another party.