Executive Agreements Differ from Formal Treaties in That They

question 81

Multiple Choice

Executive agreements differ from formal treaties in that they

• A) have been ruled unconstitutional by the U.S. Supreme Court.
• B) must be approved by the U.S. Supreme Court but not by Congress.
• C) do not have to be approved by the Senate.
• D) do not have to be approved by the House.
• E) are generally formulated at meetings of the United Nations.

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Definitions:

Effective Interest Rate Method

A method of amortizing the discount or premium on bonds payable that reflects the constant rate of interest over the life of the bond.

Amortization Schedule

An Amortization Schedule is a table detailing each periodic payment on an amortizing loan, including the amount of principal and the amount of interest that comprises each payment until the loan is paid off at the end of its term.

Bond Carrying Amount

The net value of a bond on a balance sheet, which may differ from its face value due to amortization or market changes.

Premium Amortization

The process of gradually reducing the premium paid on bonds purchased above their face value over the life of the bonds.