Which of the Following Is an Unintended Consequence of the Rise

question 22

Multiple Choice

Which of the following is an unintended consequence of the rise of the primary and caucus system?

• A) Sometimes candidates unpopular with the party leadership reach the top.
• B) Campaigns have become shorter and more expensive.
• C) The conventions have become more powerful than the voters.
• D) Often incumbent presidents will fail to be renominated by the party.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, discounted at a specific interest rate.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows or investments.