Executive Privilege Refers to the

question 63

Multiple Choice

Executive privilege refers to the

• A) fact that the Senate never votes against presidential appointments to the executive branch.
• B) increasing power of the executive branch in determining fiscal policy.
• C) claim that confidential communications between a president and close advisers should not be revealed without the consent of the president.
• D) right of presidents to eliminate government agencies without the approval of Congress.
• E) authority of members of the executive branch to formulate specific rules when implementing vague legislation.

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Definitions:

Interest Payable

A liability account showing the amount of interest expense that has been incurred but not yet paid.

Nominal Interest Rate

The stated interest rate of an investment or loan without accounting for inflation or compounding interest effects.

Nominal Interest Rate

The stated interest rate on a loan or financial instrument, not accounting for inflation or other factors that affect the real interest rate.

Effective Interest Rate

The actual interest rate on a loan or financial product, reflecting the compounding periods per year.