The Necessary and Proper Clause of the Constitution ______

question 19

Multiple Choice

The necessary and proper clause of the Constitution ______.

• A) specifies the internal workings of Congress
• B) provides Congress with the authority to make all laws necessary and proper for carrying into execution the powers enumerated by the Constitution
• C) provides the judicial branch with jurisdiction over any matter the Supreme Court deems to be "necessary and proper"
• D) provides the executive with the power to override any act of Congress so long as the President certifies that such an override is "necessary and proper"

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Definitions:

Rate of Return

The profit or deficit from an investment during a certain timeframe, represented as a portion of the investment's starting price in percentage terms.

Simple Interest

A financial term referring to a method of calculating the interest charge on a loan or investment based on the original principal amount, the interest rate, and the time the loan or investment is made for.

Guaranteed Investment Certificate

A secure investment that guarantees to return the principal plus interest at a specified rate over a fixed period.

Annual Interest Rate

The percentage of principal that is paid as interest to the lender annually, not accounting for the compound interest within that year.