Under Which Type of Governmental Structure Do Independent Sovereign Governments

question 6

Multiple Choice

Under which type of governmental structure do independent sovereign governments cooperate on specified governmental matters but retain sovereignty over all other governmental matters within their jurisdictions?

• A) federal system
• B) confederal system
• C) representative system
• D) authoritarian system
• E) unitary system

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Definitions:

Options Strategy

A plan or approach for trading options that can involve buying and/or selling one or more options that differ in one or more of the options' variables.

Security

A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Gains

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The specified price at which the buyer of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.