Thompson Raised 80 Acres of Corn,most of Which He Used

question 30

Multiple Choice

Thompson raised 80 acres of corn,most of which he used to feed his own cattle.He locally sold what he did not use.Based on the Supreme Court's ruling in Wickard v.Filburn,

• A)Congress has no authority over Thompson's activity based on the negative aspect of the Commerce Clause.
• B)Congress may regulate Thompson's farming activity because it has a substantial economic effect on interstate commerce.
• C)only Thompson's local government can regulate his farming activity.
• D)only Thompson's state and local governments can regulate his farming activity.

---

Definitions:

Matures

The point in time when a financial instrument, such as a bond, CD, or loan, reaches its final due date and the principal is to be repaid.

Paying

The act of disbursing or settling a financial obligation.

Term Deposit

A type of bank deposit that is held at a financial institution for a fixed term or period of time, often yielding higher interest rates.

Matures

Refers to the final payment date of a financial instrument at which point the principal (and all remaining interest) is due to be paid.