Imagine Both the House and the Senate Have Passed Financial

question 19

Multiple Choice

Imagine both the House and the Senate have passed financial reform bills that alter the way in which the federal government oversees the banking sector.However,the Senate bill is significantly different from the House bill.Before the financial reform bill can be sent to the president,what is the final step that must take place?

• A)A conference committee must be formed to reconcile the two bills.
• B)A majority of Senate members on the conference committee must support the conference agreement.
• C)A majority of House members on the conference committee must support the conference agreement.
• D)A majority of members of both the House and Senate on the conference committee must support the agreement.
• E)Both houses must adopt the conference report.

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Definitions:

High Dividend Policy

A strategy employed by companies to distribute a significant portion of earnings to shareholders in the form of dividends.

Dislike of Uncertainty

A preference for predictable environments and a tendency to avoid situations with uncertain outcomes.

High Dividend Policy

A financial strategy where a company decides to pay out a high proportion of its earnings in the form of dividends to its shareholders.