Following the 2012 Tragedy at Sandy Hook Elementary School in Newtown

question 45

Multiple Choice

Following the 2012 tragedy at Sandy Hook Elementary School in Newtown, Connecticut, Congress took which of the following actions?

• A) Passed a law requiring criminal background checks for gun purchases
• B) Passed a law banning all assault weapons
• C) Passed a law limiting the number of rounds that ammunition magazines could hold
• D) Failed to pass any laws restricting gun rights
• E) Passed a law making it easier to obtain firearms

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Definitions:

Liquidated

The process of converting assets into cash or paying off debts through the sale of assets in a legal or business context.

Receivables

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Favorable Lending

Financial conditions or loan terms that are advantageous to the borrower, such as lower interest rates or flexible repayment schedules.

Loan Officer

A financial professional responsible for evaluating, authorizing, or recommending approval of loan applications for people and businesses.