According to the Doctrine of P​reemption ______________________________

question 45

Multiple Choice

According to the doctrine of p​reemption ______________________________.

• A) ​when acting under authority granted to it under Article I, Congress may pass laws that supersede state laws
• B) ​when Congress does not act under its enumerated powers, states may pass laws that burden interstate commerce
• C) ​when both federal and state governments enact legislation, federal government laws must give way to state laws
• D) ​state judicial systems are supreme over the U.S. Supreme Court
• E) ​states must approve all federal laws before they are enacted

---

Definitions:

Processing Fee

A charge assessed for processing a transaction, application, or request, common in financial services.

Bank Credit Cards

Financial instruments issued by banks that allow users to borrow funds for purchases or cash advances, subject to repayment terms and interest.

Journal Entry

A record of a financial transaction in an accounting system, showing the accounts affected and the amounts.

Accounts Receivable Turnover

A financial metric indicating how quickly a company collects on its accounts receivable.