Congress Enacts a Statute to Outlaw a Specific Type of Anticompetitive

question 25

Multiple Choice

Congress enacts a statute to outlaw a specific type of anticompetitive business agreement. Like other laws that regulate economic competition, this law is referred to as

• A) a federal trade commission act.
• B) an antitrust law.
• C) an interstate commerce act.
• D) a suppressive restraint on trade.

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Definitions:

Electronic Transfers

The movement of funds between bank accounts through digital means, often executed via online banking platforms or electronic payment systems.

Negotiability

The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.

Holder in Due Course

A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Marketability

The ease with which an asset or security can be sold or bought in the market without affecting its price.