The Second Most Powerful Member of the Executive Branch, According

question 19

Multiple Choice

The second most powerful member of the executive branch, according to most observers, is the

• A)attorney general.
• B)controller.
• C)insurance commissioner.
• D)chief justice of the supreme court.

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Definitions:

Antifraud Provisions

Regulatory measures designed to protect investors by preventing fraudulent trading practices and securities fraud.

Securities Acts

Collectively refers to federal laws, such as the Securities Act of 1933 and the Securities Exchange Act of 1934, regulating the securities industry in the U.S.

Documentary Letter of Credit

A bank's promise to pay the seller on behalf of the buyer upon receipt of specified documents, typically used in international trade.

Seller's Risk

The risk borne by the seller of goods until the ownership is transferred to the buyer, typically under specified delivery terms.