In Myers V

question 24

Multiple Choice

In Myers v. United States (1926) the U.S. Supreme Court addressed the issue of a president's power to remove an appointed official from office. In the case of Cabinet members such as secretary of state, what power does the president have in removing him or her from office?

• A) The president may not remove an appointee without Congressional approval.
• B) The U.S. Senate confirmed the appointment and has sole power to remove the appointee.
• C) Though the U.S. Senate must confirm the original appointment, the president has the power to remove such an appointee without Congressional approval.
• D) The appointee may not be removed from office without a hearing before the Supreme Court.
• E) The president has no discretion in removing the appointee.

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Definitions:

Brokered Market

A marketplace where buyers and sellers are brought together by agents or brokers to facilitate transactions.

Market Order

An order to buy or sell a security immediately at the best available current price.

Margin Requirements

The minimum amount of equity that must be maintained in a margin account.

Federal Reserve

The central bank of the United States, responsible for monetary policy, regulation of banks, and ensuring the stability of the financial system.