The Size of the Supreme Court Has Remained the Same

question 126

Multiple Choice

The size of the Supreme Court has remained the same since

• A)the Judiciary Act of 1789.
• B)the Twelfth Amendment was ratified in 1804.
• C)President Roosevelt expanded it in 1937.
• D)the original Constitution specified the number of justices.
• E)President Ulysses S. Grant took office in 1869.

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Definitions:

Credit Risk

The risk of loss arising from a borrower's failure to repay a loan or meet contractual obligations.

Mortgage-Backed Securities

Financial instruments secured by a pool of mortgage loans, whose cash flows are passed through to investors.

Monthly Interest

Interest calculated or paid on a debt or investment on a monthly basis.

Homogeneous Pools

Groups of assets or securities that are similar in nature, making them easier to analyze collectively.