A Republic Differs from a Democracy Because ______

question 58

Multiple Choice

A republic differs from a democracy because ______.

• A) republics are generally small and the people are generally responsible for making all of the major decisions
• B) democracies have parliamentary governments and the people are directly responsible for making all major decisions
• C) democracies have a large number of interests and one person is selected to mediate between the competing interests
• D) republics delegate power to a smaller number of elected citizens and republics often have a greater number of citizens and a greater sphere of country

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Definitions:

Real Terms

Refers to economic indicators or values that have been adjusted for inflation, allowing for the comparison of quantities as if prices had not changed over time.

Deposits

Funds placed into an account at a financial institution for safekeeping, which may earn interest over time depending on the account type.

Coupon Bond

A type of bond that pays the holder a fixed interest rate (coupon) periodically until the maturity date, at which point the principal amount is repaid.

Yield To Maturity

The total return expected on a bond if it is held until the maturity date.