In Legislative Matters, the Governor of Texas

question 27

Multiple Choice

In legislative matters, the governor of Texas

• A) has no veto power over appropriations bills.
• B) is solely responsible for submitting the state's budget.
• C) may call a limited number of special sessions.
• D) has absolute veto power once the legislature has adjourned.

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Definitions:

Financial Assets

Financial assets are intangible assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and the rights to receive cash in the future.

Claims On Real Assets

Financial securities or other types of financial instruments that confer ownership or a right to a portion of the value of tangible assets.

Well-Developed Economy

A country's economic state characterized by strong industrial, service, and financial sectors, stable political systems, high standards of living, and advanced technological infrastructure.

Investment Assets

Tangible or intangible items that individuals, companies, or funds buy or invest in with the expectation of generating future income or profit.