Article III of the U

question 68

Multiple Choice

Article III of the U.S. Constitution also gives Congress authority to create "inferior courts" as it determines a need. Which of the following is NOT an actual federal court?

• A) Military court
• B) Tax court
• C) U.S. district court
• D) Bankruptcy court
• E) Court of impeachment

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Definitions:

Investment

Assigning funds with the anticipation of creating income or achieving financial gain.

Loanable Funds

The total funds available from savers for borrowing in the financial markets, used for investments, purchasing goods, or other purposes.

Private Investment

Spending by businesses or individuals on capital goods, such as factories, machinery, and homes, which is used to produce goods or services.

Demand For Loanable Funds

The total quantity of loans that borrowers are willing to take out at various interest rates, holding all else equal.