Which of the Following Statements About the Ratification of Constitutional

question 28

Multiple Choice

Which of the following statements about the ratification of constitutional amendments is LEAST accurate?

• A) Though it has never been done, Congress may convene a national convention to discuss amendments, if two-thirds of the state legislatures request it.
• B) Initially, no time limit was placed on the ratification process, allowing one amendment passed by Congress in the eighteenth century to be ratified at the end of the twentieth.
• C) An amendment is ratified as soon as a simple majority of states vote to approve it.
• D) In order to pass Congress, an amendment must secure two-thirds of the vote in both houses.
• E) States can ratify amendments either through a vote in the legislature or by calling a special ratifying convention.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, including both interest payments and capital gains.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate, representing the amount due at maturity.

Coupon

In finance, a coupon refers to the interest payment received by a bondholder from the bond issuer at specified intervals.

Yield To Maturity

The total return expected on a bond if it is held until its maturity date, considering all interest payments and capital gains or losses.