$360 Two Years from Today

question 65

Multiple Choice

$360 two years from today. Which of the following is correct?

• A) 1 has the highest present value and 2 has the lowest.
• B) 2 has the highest present value and 3 has the lowest.
• C) 3 has the highest present value and 1 has the lowest.
• D) None of the above is correct.

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Definitions:

Bricker Amendment

A proposed amendment to the U.S. Constitution in the 1950s aimed at limiting the president's power to enter into treaties and executive agreements without Senate approval.

Diplomatic Recognition

The formal acknowledgment by one state of another state's existence or of a new government, establishing formal diplomatic relations.

Soviet Government

The political system governing the Union of Soviet Socialist Republics (USSR), a socialist state that existed from 1922 to 1991.

Court-Packing Plan

A controversial proposal by President Franklin D. Roosevelt to increase the number of US Supreme Court justices in order to obtain favorable rulings for New Deal legislation.