Under the Employment Act of 1946,what Action Did the Federal

question 33

Multiple Choice

Under the Employment Act of 1946,what action did the federal government take for the first time in U.S.history?

• A) Assuming power and responsibility for managing the world economy
• B) Assuming power and responsibility for managing the U.S. economy
• C) Relinquishing all influence for managing the U.S. economy to state governments
• D) Relinquishing all influence for managing the U.S. economy to the private sector

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Definitions:

Face Value

The nominal or dollar value printed on a bond, stock, or other financial instrument, representing the value at issuance and the value to be repaid at maturity.

Zero-Coupon Bond

A financial security that does not pay periodic interest but is sold at a discount from its face value, and the investor receives the face value at maturity.

Maturity

The date when the principal or nominal amount of a financial instrument, such as a bond or loan, becomes due and payable.

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, typically not related to its market value.