All of the Following Are Examples of the Enumerated Powers

question 43

Multiple Choice

All of the following are examples of the enumerated powers of Congress except for ______.

• A) Power to tax
• B) Power to borrow money
• C) Power to create new states
• D) Power to declare war

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Definitions:

Noncallable Bonds

Bonds that cannot be redeemed by the issuer before their maturity date, providing investors with certainty that they will receive interest payments for the life of the bond.

Par Value

The stated value of a bond, stock share, or coupon as declared by the issuer.

Annual Coupon

The interest payment distributed each year to holders of bonds, generally represented as a percentage of the bond's principal amount.

Maturity

The date on which the principal amount of a note, draft, acceptance bond, or another debt instrument becomes due and is repaid to the investor.