The Term Democracy, as Used in the Text, Means an Arrangement

question 92

True/False

The term democracy, as used in the text, means an arrangement for arriving at political decisions in which leaders acquire power by means of a competitive struggle for people's votes.

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Definitions:

Credit Card

A payment card issued to users as a method of payment, allowing the cardholder to pay for goods and services based on the cardholder's promise to pay for them.

Personal Check

A personal check is a paper instrument that allows individuals to transfer money from their bank account to another person or entity.

Average Price

The sum of prices of all goods or services divided by the number of units, used to give a general idea of price levels in a market.

Savings And Loan Debacle

Refers to a financial crisis in the United States during the 1980s and early 1990s when many savings and loan associations failed due to risky business practices.