As Written Documents, the State Constitutions Functioned in All of the Following

question 95

Multiple Choice

As written documents, the state constitutions functioned in all of the following ways EXCEPT

• A) to represent a fundamental law superior to ordinary legislation.
• B) as contracts that defined the powers of government.
• C) as an accumulation of laws, customs and precedents.
• D) to guarantee individual liberties, sometimes through a bill of rights.
• E) to transform the colonies into becoming new states.

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Definitions:

Modigliani

Refers to Franco Modigliani, an Italian-American economist known for his work on corporate finance, the Modigliani-Miller theorem, and the life-cycle hypothesis of saving.

Developed

Pertains to countries that have a high level of industrialization, a high standard of living, and a well-established economic structure.

Evaluating Mutual Funds

The process of assessing the performance, management, and investment strategies of mutual funds to determine their suitability for an investor.

Rank Portfolios

The process of arranging portfolios in order according to a certain criterion, such as return or risk.