Members of Congress Can Represent the People in Two Ways

question 58

Multiple Choice

Members of Congress can represent the people in two ways: as a ______,a member of Congress acts on the express preferences of his or her constituency;as a ______,a member is more loosely tied to constituents and makes the decisions he or she thinks are best.

• A) delegate;trustee
• B) trustee;delegate
• C) representative;senator
• D) senator;representative
• E) delegate;representative

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Definitions:

Arbitrage Opportunities

Situations where a financial instrument or security can be simultaneously bought and sold in different markets at a price discrepancy to generate risk-free profit.

Portfolio Beta

Portfolio beta measures the sensitivity of a portfolio's returns to movements in the market index. A beta greater than one indicates higher volatility than the market, while a beta less than one indicates lower volatility.

Betas

An indicator of the level of fluctuation or inherent risk in a security or portfolio relative to the broader market.

Factor Portfolio

An investment strategy focusing on specific drivers of returns, such as size, value, and momentum, to achieve targeted outcomes.