Which of the Following Is True of Governors Concerning Their

question 45

Multiple Choice

Which of the following is true of governors concerning their appointive powers?

• A)They can fill all positions in the government.
• B)They can only appoint elected officials.
• C)They may remove people only when they have violated the law.
• D)They have unlimited power over the officials they appoint.
• E)They solely possess all the appointive powers.

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Definitions:

Securitization

The process of converting assets, usually illiquid ones, into marketable securities, thereby enhancing liquidity and often reducing risk.

Mortgages

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Bonds

Financial instruments representing a loan made by an investor to a borrower, typically corporate or governmental, which includes terms for variable or fixed interest payments and the return of the original investment at maturity.

Purchase Money Security Interest

A security interest that arises when someone lends money to a consumer and then takes a security interest in the goods that the consumer buys.