How Is the Speaker of the House Determined

question 51

Multiple Choice

How is the Speaker of the House determined?

• A)The vice president of the United States is also Speaker of the House.
• B)The representative with the longest tenure in the House is the Speaker of the House.
• C)The elected leader of the majority party in the House is the Speaker.
• D)The president selects the Speaker of the House from the majority party in the House.

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Definitions:

Purchases of Bonds

Transactions where investors lend money to entities (corporate or sovereign) by buying their debt securities, known as bonds.

Mortgage Rates

The interest rate charged on a mortgage that affects the cost of borrowing money to buy a property.

Mortgage Lending

The process by which a lender provides a loan to a borrower for the purpose of purchasing real estate, secured by the property itself.

Demand for Loanable Funds

Refers to the desire to borrow money, driven by individuals, companies, and governments seeking funds for investment, consumption, or other purposes.