The Presidential Candidate of the New Constitutional Union Party in 1860

question 21

Multiple Choice

The presidential candidate of the new Constitutional Union party in 1860 was

• A) Stephen A. Douglas.
• B) William Seward.
• C) John Bell.
• D) Henry Clay.
• E) James Crittenden.

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged in the future without significantly losing value.

Currency

The system of money in common use in a country, which facilitates the exchange of goods and services.

Liquid Asset

An asset that can easily be converted into cash in a short period without losing value.

Function Of Money

Refers to the main roles of money in an economy, which include being a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.