Examlex
What essential factor enables commercial banks to create money?
Necessary and Proper Clause
A provision in the U.S. Constitution granting Congress the power to pass all laws necessary and proper for carrying out its enumerated powers.
Creative Federalism
A form of federalism prevalent in the 1960s where the federal government determined the needs of the states and provided services, often leading to an expansion of federal government powers.
Federal Grants
Financial aid or resources provided by the federal government to states, organizations, or individuals for specific projects or purposes.
Block Grant
A grant from a central government that a local authority can allocate to a wide range of services.
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