How Effective Was the Interstate Commerce Commission,the Nation's First Federal

question 2

Multiple Choice

How effective was the Interstate Commerce Commission,the nation's first federal regulatory agency?

• A) It was so weak in its early years that it served as little more than a historical precedent.
• B) It had unprecedented power to clean up and regulate the railroads.
• C) It was authorized to set interest rates for small-business loans.
• D) It was so powerful initially that the Supreme Court declared it unconstitutional.

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Definitions:

Cost Of Merchandise Sold

The total cost incurred to manufacture or purchase products that were sold to customers during a period.

Perpetual Inventory Records

A method of maintaining real-time records of inventory levels, where updates are made automatically for every sale, return, and receipt of merchandise.

Purchases Discount

Purchases Discount refers to a reduction in the price paid for goods or services if payment is made within a specified period.

Yearly Savings Rate

The percentage of one's income that is saved annually, often used in personal financial planning.