In Most Cases, How Are Constitutions Changed

question 24

Multiple Choice

In most cases, how are constitutions changed?

• A) Through a process of public referendum
• B) Through a process of amendment
• C) Through a process of constitutional design
• D) Constitutions do not change

---

Definitions:

Long-Term Notes

Debt securities with a maturity date longer than one year, representing borrowed funds that need to be repaid.

Fixed Rates

Interest rates that remain constant over the lifetime of a financial instrument, unaffected by market fluctuations.

Floating Interest

An interest rate that changes over the life of a loan or mortgage, based on the current market conditions or an index.

Solvency

The ability of an entity to meet its long-term debts and financial obligations.