Which of the Following Statements About Congress and the Executive

question 66

Multiple Choice

Which of the following statements about Congress and the executive branch is MOST accurate?

• A)The Constitution explicitly prohibits Congress from providing specific guidelines to executive agencies for implementing laws.
• B)Starting around the time of the New Deal, Congress has tended to draft legislation that offers very specific guidelines for implementation by the executive.
• C)Congress has never given executive agencies broad mandates and has always drafted legislation that offers very specific guidelines for implementation by the executive.
• D)Starting around the time of the New Deal, Congress has tended to give executive agencies broad mandates and to draft legislation that offers few clear guidelines for implementation by the executive.

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Definitions:

In The Money

Describes an option with an intrinsic value where a call option's strike price is below the market price of the underlying asset or a put option's strike price is above.

Time Value

The additional amount an investor is willing to pay for an option above its intrinsic value, based on the time remaining until its expiration.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified timeframe.

In-The-Money

A term used in options trading to describe an option that has intrinsic value, where the strike price is favorable compared to the current market price of the underlying asset.