Article II of the U

question 46

Multiple Choice

Article II of the U.S. Constitution requires that the president will each year advise the Congress about the condition of the nation. This constitutional requirement is now a formal speech before Congress and is called ______________.

• A) the Annual Performance Review
• B) the State of the Union address
• C) the Appeal to the Nation
• D) Review of Congress
• E) Face the Nation

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Definitions:

M1 Balance

The most liquid components of the money supply, including physical currency, demand deposits, and other assets that can quickly be converted to cash.

Currency

A form of currency widely accepted in a specific nation or economic setting.

Measure Of Value

A standard of value that allows the worth of various goods and services to be compared; often associated with money as a common denominator for value comparison.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.