Under the Articles of Confederation, Congress

question 30

Multiple Choice

Under the Articles of Confederation, Congress

• A) was specifically designed to have limited authority and power to regulate political and economic affairs in the states.
• B) had no control over public land policy.
• C) had no power to regulate commerce.
• D) had no tax-collecting authority.
• E) acted in a judicial as well as legislative capacity.

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Definitions:

Tombstones

Advertisements in financial publications summarizing the terms of a new issue of securities.

Public Offering

The process of selling stocks or bonds to the public for the first time, also known as an initial public offering (IPO) for stocks.

Dilution %age Ownership

The reduction in existing shareholders' ownership percentage of a company as a result of the company issuing more shares.