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9 Cards in this Set
- Front
- Back
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expressed powers
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explicitly in its specific wording
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implied powers
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by reasonable deduction from the expressed powers
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inherent powers
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by creating a national government for the united states
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commerce powers
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the power of congress to regulate interstate and foreign trade
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tax
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is a charge levied by government on persons or property to raise money to meet public needs
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public debt
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all of the money borrowed by the federal government over the years and not yet repaid
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deficit financing
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spends more than it takes in each yer and the borrows to make up difference
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bankruptcy
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the legal proceeding in which the bankrupts assets
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legal tender
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any kind of money that creditor must by law accept in payment for debts
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