An Executive-Congressional Agreement Is a Contract Between Two Countries That

question 85

Multiple Choice

An executive-congressional agreement is a contract between two countries that can be approved with a

• A)statement by the Speaker of the House.
• B)statement by the Senate majority leader.
• C)simple majority vote in both houses.
• D)simple majority vote in the Senate Foreign Relations Committee.

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, representing the amount of interest that accrues on a loan or bond between payment periods.

Securities Available For Sale

Financial assets that a company holds with the intention of selling them in the short to medium term for profit.

Journalize

The process of recording business transactions in the general journal by making entries that describe the transaction, amounts involved, and accounts affected.

Notional Amount

The theoretical value used to calculate payments made in a financial derivative transaction, which might not involve any physical exchange of funds.