Which of the Following Clauses Is at Work in the Prohibition

question 58

Multiple Choice

Which of the following clauses is at work in the prohibition of discriminatory state laws based on national laws prohibiting racial discrimination?

• A) Supremacy clause
• B) Privileges and immunities clause
• C) Interstate compact clause
• D) Full faith and credit clause

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Definitions:

Accounting Equation

The foundational principle of accounting that maintains that assets equal the sum of liabilities and owner's equity.

Equity

Ownership interest in a company, representing the amount of assets that would be returned to shareholders if all debts were paid.

Balance Sheets

Financial statements that show the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial position.

Transactions

Economic events that affect the financial position of a company, involving the transfer of value between two or more entities.