Which of the Following Is an Implied Power of the Federal

question 3

Multiple Choice

Which of the following is an implied power of the federal government?

• A)admitting new states
• B)coining money
• C)declaring war
• D)establishing federal courts
• E)levying taxes

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Definitions:

Compounded Quarterly

A method of calculating interest where it is added to the principal four times a year, after every three months, leading to faster growth of the investment.

Prepayment

Payment made for goods or services before they are received or required.

Discounting

The process of determining the present value of a payment or a series of payments that will be made in the future.

Maturity Value

The amount payable to the investor at the end of a debt instrument's holding period or term.