Examlex
A college received a contribution to its endowment fund of $2 million.They can never touch the principal,but they can use the earnings.At an assumed interest rate of 9.5 percent,how much can the college earn to help its operations each year?
Enumerated Powers
Specific powers granted to Congress as outlined in the United States Constitution.
Commerce Clause
A provision in the U.S. Constitution (Article I, Section 8, Clause 3) granting Congress the power to regulate trade between states, with foreign nations, and among Indian tribes.
Congress
A bicameral body of government in the United States tasked with making laws, comprised of two houses: the Senate and the House of Representatives.
Trade Among States
The exchange of goods, services, or both between states within a country, subject to regulations and restrictions by the government.
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