The Largest Number of PACs Are Those Associated with

question 14

Multiple Choice

The largest number of PACs are those associated with

• A)single-issue groups,such as environmental groups and right-to-life groups.
• B)labor.
• C)business.
• D)agriculture.
• E)education.

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Definitions:

Nominal Rate

Nominal Rate refers to the interest rate before adjustments for inflation or other factors. It is the rate quoted on loans and savings without taking into account the real purchasing power of the money.

GIC

Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.

Maturity Value

The total amount that will be paid out or received at the end of a financial instrument's term, including principal and interest.

Semi-Annually Compounded

Interest on an investment or loan that is calculated and added to the principal balance twice a year.