Tertiary Legislation Created by Ministerial Powers Granted Under the Authority

question 20

Multiple Choice

Tertiary legislation created by ministerial powers granted under the authority of statute may include (select all that apply) :

• A) statutory instruments.
• B) circulars.
• C) directives.
• D) codes of practice.
• E) by-laws.

Analyze the impact of budget deficits and government spending on the loanable funds market.

Understand the roles of saving and investment incentives in economic policy.

Compare and contrast bonds and stocks, including their risk and return attributes.

Calculate and interpret financial ratios, including the price-earning ratio.

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Definitions:

Stare Decisis

A legal principle requiring judges to respect the precedents set by previous court decisions.

American Legal System

The body of laws and legal institutions in the United States, including federal and state statutes, case law, and government regulations.

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Official Reports

Comprehensive documents produced by government or other official bodies detailing findings or outcomes of specific investigations or events.