Although Not Explicitly Stated in the Constitution, What Is One

question 60

Multiple Choice

Although not explicitly stated in the Constitution, what is one additional requirement for the ratification of an amendment to the Constitution that has been upheld by the courts?

• A) The amendment must not negatively impact one group for the benefit of another.
• B) The amendment must be ratified within a reasonable amount of time.
• C) The amendment must be voted upon each year until it is ratified to the Constitution.
• D) The amendment must not feature a measure that would harm the life, liberty, or property of others.

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Definitions:

Guaranteed Rates

Guaranteed rates are interest or return rates promised to investors or savers over a specified period, regardless of market conditions.

Low-cost Diversification

A financial strategy that involves spreading investments across various assets to reduce risk without incurring significant expenses.

Professional Management

The oversight of investment portfolios by specialists who make decisions about asset selection and allocation, aiming to achieve specific financial goals.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to represent the per-share/unit value of the fund.