Under the New Constitution, Congress Was Not Granted General Legislative

question 53

Multiple Choice

Under the new Constitution, Congress was not granted general legislative power, but rather, __________ powers, that explicitly listed powers in which it could engage.

• A) absolute
• B) enumerated
• C) inherent
• D) implied
• E) necessary

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Definitions:

Given Date

A specific date mentioned or defined within a particular context or document.

At the Money

A term used in options trading to describe an option with a strike price that is identical or very close to the market price of the underlying security.

Employee Stock Options

The right granted to employees by a company to buy its shares at a discounted price or a specific price within a specified time period.

Underwater

A term often used in finance to describe a situation where an asset's market value is less than the balance owed on the loan used to purchase that asset.