Using the Language of the US Constitution, One Can Predict

question 229

Multiple Choice

Using the language of the US Constitution, one can predict that no states can be combined or divided into new states

• A) unless approved by two-thirds vote of both the House of Representatives and U.S. Senate.
• B) without the consent of the state legislatures concerned.
• C) without the consent of the federal judiciary.
• D) without a vote of the citizens in the states affected.
• E) without a vote at a state convention.

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Definitions:

Stated Interest Rate

The interest rate specified on a loan or investment agreement, not accounting for compounding or fees.

Prevailing Rate

The current interest rate or wage rate for a particular industry or geographic location.

Present Value

The value today of a sum of money or cash flows expected in the future, discounted at a certain rate of return.

Maturity Value

The amount that will be paid out or received, including principal and interest, upon the expiration or maturity of a financial instrument.