By What US

question 53

Multiple Choice

By what U.S.Constitutional authority did Congress pass the Sherman Act?

• A) Through its authority to regulate interstate commerce.
• B) Through its authority to prevent discrimination.
• C) Through its authority under the First Amendment.
• D) Through its authority under the Fourth Amendment.
• E) Pursuant to the due process clause contained in both the Fifth and Fourteenth Amendments.

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Definitions:

Central Banks

Institutions that manage a country's currency, money supply, and interest rates.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and ensuring financial stability.

UCC

Governing all commercial activities in the United States, the Uniform Commercial Code is a complete assembly of legal rules.

Savings and Loans

Financial institutions traditionally focused on accepting savings deposits and making mortgages and other loans.