Which of the Following Is True About the U

question 27

Multiple Choice

Which of the following is true about the U.S.Constitution?

• A)The president is elected directly by the people.
• B)The Constitution can be amended with a two-thirds majority vote of both houses of Congress and a ratification vote by three-fourths of the states.
• C)Federal judges are appointed for life by Congress.
• D)Senators are elected directly by the people for 10-year terms.

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from par value and pay no interest, maturing in a year or less.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.

Exercise Price

The price at which the holder of an option can buy (call) or sell (put) the underlying security.