Examlex

Solved

Why Is the Power of Incumbency Considered the Most Important

question 107

Multiple Choice

Why is the power of incumbency considered the most important factor in congressional elections?


Definitions:

Account Earning

The income generated from an investment or the revenue accrued from a bank account over a specific period.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Savings Bond

Government-issued bonds that are designed for individual investors and offer a fixed interest rate over a fixed period of time.

Matures

Refers to the point in time when a financial instrument, like a bond or loan, reaches its due date and the principal amount must be repaid.

Related Questions