What Was the Overall Importance of McCulloch V

question 2

Multiple Choice

What was the overall importance of McCulloch v.Maryland (1819) ?

• A)The Court allowed Congress to use the necessary and proper clause to broadly interpret its delegated powers.
• B)The Court gave a very restricted definition of Congress's delegated and implied powers.
• C)The Court announced that dual federalism did not conform to the framers' design.
• D)The Court declared that a national bank was unconstitutional.

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Definitions:

Bond Interest

The periodic payment made by bond issuers to bondholders, usually expressed as a percentage of the face value of the bond.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Face Value

The nominal value or dollar value printed on a bond, stock, or other financial instrument, indicating its worth at maturity.

Bonds Issued

Long-term debt securities sold by a corporation or government to investors to raise capital, with the obligation to pay interest and repay principal at a specified date.