Which of the Following Are Accurate Statements About the Literal

question 23

Multiple Choice

Which of the following are accurate statements about the literal rule (select all that apply) ?

• A) If the words have a plain meaning, then the court is bound to agree as to what that plain meaning is.
• B) The basic premise behind the literal rule is that the words chosen by Parliament clearly show its intentions in passing that Act.
• C) Where the meaning of the statutory words is plain and unambiguous, it is not for the judges to invent fancied ambiguities as an excuse for failing to give effect to the words' plain meaning.
• D) The literalist is looking for the primary or most obvious meaning of the words; the consequences of such an interpretation are not considered.

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Definitions:

Normal Yield Curve

When the yield curve slopes upward, it is said to be “normal,” because it is like this most of the time.

Downward Sloping

Describes a trend or graph line that decreases in value as it moves from left to right, often used in finance to describe declining interest rates or stock prices.

Upward Sloping

Describes a line on a graph that represents an increase in a variable over time or another metric.

Yield Curve

The yield curve is a graphical representation of the interest rates on debt for a range of maturities, showing the relationship between interest rates and the time to maturity.