Which Clause in the Constitution Prevents a State Such as Florida

question 109

Multiple Choice

Which clause in the Constitution prevents a state such as Florida from prohibiting legal residents of other states from buying property in Florida?

• A) commerce clause
• B) supremacy clause
• C) full faith and credit clause
• D) comity, or privileges and immunities clause

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Definitions:

Impact Lag

The time it takes for the full effects of a monetary or fiscal policy to impact the economy after it has been implemented.

Borrow

The act of getting something from someone with the intention of returning it or its equivalent.

Reserves

Funds or assets set aside by individuals, institutions, or governments to meet future liabilities, emergencies, or regulatory requirements.

Reserve Ratio

A requirement set by central banks determining the minimum amount of reserves a bank must hold against deposits, influencing the bank's capacity to lend and create money.