Which of the Following Is NOT True Regarding Urban Party

question 24

Multiple Choice

Which of the following is NOT true regarding urban party machines?

• A)The local party organizations gained and maintained control of cities by organizing neighborhoods to deliver votes for machine candidates.
• B)Each party boss had to hold an elected office in order to control the machine.
• C)Machines were "quasi­feudal" as they were very hierarchical.
• D)Voters in neighborhoods remained loyal to the machine leaders as they provided them with favors or services.

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Definitions:

Yield to Maturity

The total return anticipated on a bond if it is held until the date it matures, calculated by considering all future coupon payments and the principal repayment.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often described as the weighted average time until all cash flows are paid.

Basis Points

A unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, equal to 1/100th of 1%.

Duration

An indicator of how the price of a bond or other debt security responds to interest rate fluctuations, typically represented in years.