What Is Cloture

question 24

Multiple Choice

What is cloture?

• A)the ability of a senator to speak for as long as he or she wishes to prevent action from being taken on legislation that he or she opposes
• B)the process by which three-fifths of the Senate can end a filibuster
• C)the rule that allows one house of Congress to circumvent the other during the legislative process
• D)a lawsuit filed by a member of the Senate against a member of the House or vice versa

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Definitions:

Excess Reserves

The amount of reserves that banks hold beyond the required minimum to meet potential withdrawals by customers.

Liquid Asset

Assets that can be quickly and easily converted into cash without significant loss in value.

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.

Medium Of Exchange

A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.