What Did the Twelfth Amendment to the Constitution Require

question 68

Multiple Choice

What did the Twelfth Amendment to the Constitution require?

• A) There could be no more than two candidates for president and vice president.
• B) The vice president and president had to belong to the same political party.
• C) A tie in the vote for the presidency had to be settled in a second election.
• D) There had to be separate ballots in the electoral college for the presidency and vice presidency.
• E) Presidents were to be limited to two consecutive terms in office.

Understand the concepts and calculation of net asset values in money market funds.

Distinguish between different types of REITs based on their investment focus.

Calculate and interpret turnover ratios for mutual funds to evaluate trading activity.

Understand corporate share capital transactions and their impact on financial statements.

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Definitions:

Oil Price

The cost per barrel of crude oil as determined by global markets.

Favorable Supply Shock

An unexpected event that increases the supply of a product or service, leading to a lower equilibrium price and/or an increase in the equilibrium quantity.

Inflation

The pace at which prices for goods and services generally ascend, causing buying power to decline.

Stagflation

A period of falling output and rising prices.