If the customer has an outstanding margin loan against the securities of $50,000, his equity will be $10,000 ($60,000 - $50,000 = $10,000). The broker determines the customer should receive a margin call for $5,000 ($15,000 - $10,000 = $5,000).
War Powers. Congress holds the power to declare war. As a result, the president cannot declare war without their approval. However, as the Commander in Chief of the armed forces, many presidents have sent troops to battle without an official war declaration (ex. Vietnam, Korea).
6) The president can negotiate treaties; the Senate has the power of ratification. 7) The president is the commander-in-chief of the armed forces; Congress must declare war and has the power of the purse. 8) The president acts as chief executive; Congress has powers of investigation, impeachment, trial and removal.