Which of the Following Is NOT an Enumerated Power

question 34

Multiple Choice

Which of the following is NOT an enumerated power?

• A)public education
• B)regulation of commerce
• C)declaration of war
• D)taxation
• E)establish a national currency

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Definitions:

Systematic Risk

The inherent risk that affects the overall market, not diversified away by holding a broad portfolio.

Bank of Canada

The central bank of Canada, responsible for issuing currency, managing the country's monetary policy, and regulating its financial system.

Interest Rates

The cost of borrowing money or the return on savings, usually expressed as a percentage of the amount borrowed or saved.

Portfolio Beta

A measure of the volatility, or systematic risk, of a portfolio in comparison to the market as a whole, indicating how much the investment’s value is expected to fluctuate.