Chapter III of the Australian Constitution Vests

question 30

Multiple Choice

Chapter III of the Australian Constitution vests:

• A)executive power in the Federal parliament.
• B)legislative power in the Governor-General acting on the advice of the Federal Executive Council.
• C)Federal judicial power in the High Court of Australia and other Federal Courts.
• D)government power in the Cabinet.

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Definitions:

Gross Domestic Product

The monetary value of all finished goods and services made within a country during a specific period.

Interest Rate

The percentage charged on a loan or paid on savings over a certain period of time, reflecting the cost of borrowing or the return on savings.

Investment

An asset or item acquired with the goal of generating income or appreciation in value.

Financial Securities

Financial instruments representing some type of financial value, including stocks, bonds, and options, which can be bought and sold in financial markets.