Which of the Following Would Not Be a Generally Recognised

question 63

Multiple Choice

Which of the following would not be a generally recognised way of determining the purpose or object underlying an Act?

• A)Determining whether the Act contains an object clause
• B)Determining whether the Act contains a preamble
• C)Referring to extrinsic materials, that is, materials external to the Act itself
• D)Petitioning a Member of Parliament

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Definitions:

Fiat Money

Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.

Intrinsic Value

The inherent worth of an asset, independent of its market price, often based on what is fundamentally valuable about the asset.

Media Of Exchange

Objects or instruments used to facilitate the sale, purchase, or trade of goods between parties.

Demand Deposits

Bank accounts from which money can be withdrawn at any time without any notice, such as checking accounts.