Which Agency Was the First Administrative Agency Created by Congress

question 20

Multiple Choice

Which agency was the first administrative agency created by Congress in the U.S. designed to help combat the anti-competitive nature of the railroads?

• A) Interstate Commerce Commission.
• B) Environmental Protection Agency
• C) National Labor Relations Agency
• D) Railroad Commission Agency
• E) Workers Commission

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Definitions:

Foreign Exchange

Foreign Exchange involves the trading of one currency for another, often conducted in the global foreign exchange market.

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount of it consumers want to buy.

Currency Value

The worth of one country's currency in terms of another currency or standard measure.

Speculators

Individuals or entities who attempt to profit from the anticipation of price movements in a market, often taking on risks in the process.