The Congressional Practice of "Ping Ponging" Occurs When

question 25

Multiple Choice

The congressional practice of "ping ponging" occurs when

• A)Congress passes a new version of a law that was previously struck down as unconstitutional by the federal judiciary.
• B)Congress passes a new version of a law that was previously vetoed by the president.
• C)there is a divided Congress and the House and Senate exchange amendments in order
• To reach agreement on the final version of a bill.
• D)a bill is passed in one house of Congress but not passed in the other.

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Definitions:

Theoretical Value

The estimated price of an asset or financial instrument based on mathematical models instead of market prices, often used in options pricing.

Binomial Option Price

A mathematical model that is used to calculate the theoretical price of options using a binomial tree of possible price movements.

Black Scholes Price

A theoretical price model for European-style options that estimates the option's price given certain fixed financial variables.

Subintervals

Divisions of a larger interval into smaller ones, often used in mathematical analysis and computations.