The Texas Constitution Requires Which of the Following for Amendment

question 29

Multiple Choice

The Texas Constitution requires which of the following for amendment?

• A) a two-thirds vote in both houses of the state legislature and a majority vote from the voters of Texas
• B) only a majority vote from the voters of Texas
• C) the governor's signature
• D) a two-thirds vote in county conventions convened for the purpose of amending the constitution
• E) a majority vote in both houses of the state legislature

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Definitions:

Arbitrage Opportunity

The chance to buy an asset at a low price in one market and simultaneously sell it at a higher price in another market to profit from the price difference.

Risk-Free Rate

The estimated rate of profit from an investment void of risk, usually showcased by the return on government securities.

Expected Return

The projected average return on an investment, considering all possible outcomes weighted by their respective probabilities.

Risk Premiums

The additional return expected from an investment when compared to a risk-free asset, compensating investors for bearing higher risk.