What Is the Key Difference Between a Constitutional Democracy and a Liberal

question 59

Multiple Choice

What is the key difference between a constitutional democracy and a liberal democracy?

• A) There is no significant difference.
• B) A constitutional democracy has a limited state, and a liberal democracy has a welfare state.
• C) A liberal democracy has a limited state, and a constitutional democracy has a welfare state.
• D) A liberal democracy does not have a constitution, and a constitutional democracy has a written, or codified, constitution.

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Definitions:

Car Loan

A sum of money borrowed to purchase a car that is repaid with interest over a set period of time.

Effective Annual Rate

The interest rate on an investment or loan that is adjusted for compounding over a specified period, showing the true annual return.

Semi-Annually Compounded

A financial term where interest is added to the principal amount of an investment or loan twice a year, resulting in compound growth.

Semi-Annually Compounded

Interest or finance charges are applied to the principal sum twice a year, causing the investment or loan to grow at a faster rate than simple annual compounding.