A System Where Two or More Levels of Government Direct

question 40

Essay

A system where two or more levels of government direct the affairs of the same people in the same nation is called __________________.​

---

Definitions:

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer rather than collateral.

Secured Bonds

Bonds that are backed by specific assets of the issuer as collateral, giving bondholders a claim to those assets if the issuer defaults.

General Credit

An overarching term that may refer to the creditworthiness of an individual or entity, or sometimes used to describe general lines of credit available for borrowing.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, providing limited liability protection among other benefits.