In an Effort to Stimulate Economic Activity, Congress and the President

question 43

Multiple Choice

In an effort to stimulate economic activity, Congress and the president passed the $787 billion _________________________________ in February, 2009 with the funds to be used to provide tax relief, appropriations, and direct spending.

• A)American Reconstruction and Reconfiguration Act of 2009
• B)American Real Estate and Reconstruction Act of 2009
• C)American Real Estate Reinvestment Act of 2009
• D)American Recovery and Reinvestment Act of 2009
• E)none of the above

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Definitions:

Check

A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.

Negotiable

Capable of being transferred or exchanged through endorsement or delivery, usually in the context of financial instruments.

Occurrence

An event or incident that takes place, often used in legal and insurance contexts to specify an event covered by a policy or agreement.

Nonoccurrence

The failure or absence of an event or condition that was anticipated or required.