All of the Following Federal Laws Fall Under the Interstate

question 5

Multiple Choice

All of the following federal laws fall under the interstate commerce clause, except for:

• A) Brady Handgun Violence Prevention Act
• B) Mann Act
• C) National Motor Vehicle Theft Act
• D) Federal Kidnapping Act

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Definitions:

Profit

The earnings resulting when business activity revenues exceed the necessary expenses, costs, and taxes to maintain the activity.

Long Oil Futures Contract

An agreement to buy oil at a specified price on a specified future date, bet taken with the expectation that oil prices will rise.

Close Position

The act of selling or buying securities to offset an existing position, thereby ending the investor's exposure to that investment.

Delivery Date

In the context of futures contracts, it is the specified date on which the underlying asset must be delivered by the seller to fulfill the terms of the contract.