Members of Congress Disagree with the Operations of a Particular

question 62

Multiple Choice

Members of Congress disagree with the operations of a particular department within the federal bureaucracy and want to force changes. What means do they have to exercise some control over that department?

• A) Authority to select high-level bureaucrats
• B) Authority to extend or limit appropriations
• C) Authority to fire bureaucrats for not executing policy passed by Congress
• D) Power to find agency actions unconstitutional
• E) Power to appoint agency heads

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Definitions:

Maturity Bond

A fixed-income security that repays the principal along with interest at the end of a specified period.

Forward Interest Rate

A future rate agreed upon for a financial transaction or investment that will be carried out at a later date.

Term Structure

The relationship between interest rates (or bond yields) and different terms (or maturities), typically depicted in a yield curve.

Expectations Theory

A theory suggesting that long-term interest rates reflect the market's expectation for future short-term rates.