__________ Is a Political System in Which the Will of the Majority

question 49

Multiple Choice

__________ is a political system in which the will of the majority prevails and decisions are made to maximize the common good.

• A) Capitalism
• B) Socialism
• C) Democracy
• D) Plutocracy
• Answer C

---

Definitions:

Maturity Value

The sum payable to the holder of a financial instrument at the end of its term, encompassing the principal amount plus any accrued interest.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount.

Discount Period

The discount period is the timeframe during which a seller offers a buyer a reduction in the amount owed if payment is made within a specified time.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity, effectively representing a loan made by the buyer to the issuer.