Initially, the Prevailing Interpretation of the Constitution Held That Agencies

question 87

Multiple Choice

Initially, the prevailing interpretation of the Constitution held that agencies could not exercise regulatory powers

• A) in any circumstance.
• B) unless authorized by the president.
• C) unless Congress first established clear standards.
• D) unless a court order was obtained.
• E) without written permission from a judge.

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Definitions:

Amortize

This refers to the process of gradually writing off the initial cost of an asset over a period.

Discount

A reduction applied to the regular price of goods or services, or the amount by which the market value of a bond falls below its par value.

Premium

The amount by which the price of something exceeds its principal or nominal value, often applied to bonds, insurance policies, and preferred stock.

Forward Contract

A personalized agreement between two entities to purchase or sell a specific asset at a predetermined price on a later date.