Which of the Following Statements Is True of the Advice

question 55

Multiple Choice

Which of the following statements is true of the advice and consent powers of the Senate?

• A) The vice president appoints ambassadors of the United States with the advice and consent of the Senate.
• B) The Senate is obliged to confirm the president's nominees for the post of ambassadors.
• C) Nominees for the secretary of state first appear before the Judiciary Committee.
• D) The Senate has a somewhat freer hand with judicial appointments, because federal judges are expected to be loyal to the president.
• E) Senate confirmation is required when the president appoints justices of the Supreme Court.

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Definitions:

Market Value

The ongoing purchase or sale price of an asset or service.

Firm Commitment Underwriting

A type of underwriting where the underwriter buys the entire offering from the issuer and sells it to investors, assuming full financial risk.

Underwriting Spread

The difference between the amount underwriters pay to acquire securities from the issuer and the price at which they sell these securities to investors.