Which of the Following Is Not True About the War

question 55

Multiple Choice

Which of the following is not true about the War Powers Act?

• A) U.S. presidents have consistently held that the law is unconstitutional.
• B) The U.S. Supreme Court has declared in Valeo v. Buckley that the Act is unconstitutional.
• C) U.S. presidents have generally followed the Act's provisions.
• D) Combat troops must be removed from a zone of conflict after sixty days unless Congress passes legislation allowing the operation to continue.

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Definitions:

Premium

The amount paid for an option or insurance policy above its intrinsic value or the amount that an asset's selling price is above its face value.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Option Contract

A financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

At The Money

Describes an option where the current price of the underlying asset is equal to the strike price of the option.