Under the Supremacy Clause of the U

question 29

Multiple Choice

Under the Supremacy Clause of the U.S.Constitution,when Congress chooses to regulate in an area,which of the following is true?

• A) It will automatically have exclusive jurisdiction to regulate in that area.
• B) States will always remain able to freely regulate in that area.
• C) States will always be able to regulate in that area so long as the state law does not directly and substantially conflict with the federal law.
• D) Whether the state has any authority to regulate in the area will depend on whether Congress provides that the federal government has exclusive authority to regulate in that area.
• E) The state will be able to regulate in that area only with prior permission of the U.S. Supreme Court.

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Definitions:

Compounded Monthly

A method of calculating interest in which the interest earned each month is added to the principal, and the following month's interest is calculated on the new total.

Perpetuity

A financial instrument that pays a fixed amount of cash flow indefinitely.

Compounded Annually

Involves the calculation and addition of interest to the principal sum of a loan or deposit once every year.

Compounded Quarterly

A method where interest is added to the principal every three months which allows interest to be earned on the previously accumulated interest.