Which of the Following Is a Check by the Legislative

question 61

Multiple Choice

Which of the following is a check by the legislative branch on the powers of the executive branch?

• A) Congress may rule that a presidential action is unconstitutional.
• B) The Supreme Court may veto presidential orders.
• C) The Supreme Court recommends legislation to the judicial branch that is assured to pass constitutional muster.
• D) The president may veto a law passed by the legislative branch.
• E) The senate must consent to all presidential appointees to the U.S. Supreme Court.

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Definitions:

Future Spot Rate

The anticipated exchange rate at which one currency will be exchanged for another in the spot market at a future date.

Cash Flow Hedge

A risk management technique used by companies to protect against the risk associated with fluctuations in cash flows, typically related to future interest or currency exchange rates.

Canadian Dollars

The official currency of Canada, often represented by the symbol CAD or sometimes C$ to distinguish it from other dollar-denominated currencies.

Foreign Currency Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specific amount of foreign currency at a set price within a specified time period.