Congress Chapter 4.3

Front

Define the term 'Expressed powers'.

Back

Powers explicitly granted to Congress by the Constitution

Front

What does the term 'Implied Powers' refer to?

Back

Powers not explicitly stated but necessary to implement the expressed powers

Front

Inherent Powers are powers that are:

Back

Implied and necessary for the government to function

Front

Define the term 'Commerce Power'.

Back

The power to regulate trade between states and with foreign nations.

Front

Define the term 'Tax'.

Back

A mandatory financial charge imposed by a government.

Front

Public debt is defined as:

Back

The total amount of money that a country's government has borrowed.

Front

Deficit Financing is defined as:

Back

The practice of funding government spending by borrowing.

Front

What is the definition of the term 'Bankruptcy'?

Back

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Front

Define the term 'Legal tender'.

Back

A type of currency that must be accepted if offered in payment of a debt.

Front

Copyright is defined as:

Back

The exclusive legal right to reproduce, publish, and sell the matter and form of a literary, musical, or artistic work.