The States May Enact Legislation Concerning a Subject in Which

question 35

Multiple Choice

The states may enact legislation concerning a subject in which there is a federal statute if:

• A) Congress has not clearly indicated that it intends to control that subject matter.
• B) the states petition the Supreme Court for permission.
• C) the state legislation falls within the Necessary and Proper Clause.
• D) the states reserve the right at the time the federal statute is enacted.

---

Definitions:

Initial Yield

The initial yield is a financial measure indicating the first year's return on an investment in real estate or bonds, often expressed as a percentage of the investment's cost.

Yield Sensitivity

The degree to which the price of a bond or other debt security responds to changes in interest rates, affecting investors' returns.

Price Volatility

Price Volatility describes the extent to which the price of an asset or security fluctuates over time, indicating the level of risk involved.

Maturity

Refers to the final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.