Which of the Following Was a Feature of the Virginia

question 56

Multiple Choice

Which of the following was a feature of the Virginia Plan?

• A) Acts passed by Congress would also have to be approved by three-fourths of the state legislatures before becoming the law of the land.
• B) The state legislatures would become advisory bodies to a national Congress, thereby losing their power to enact laws.
• C) Proportional representation would be provided in both houses of a two-house legislature.
• D) An independent chief executive would be elected by direct vote of the people.

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Definitions:

Market Price

The market value at which a service or asset is currently traded.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.

Strike Price

The rate at which an option's owner has the right to purchase (for a call option) or offload (for a put option) the underlying asset or commodity.

Market Price

The current price at which an asset or service can be bought or sold.