Madison and the Framers Preferred __________ Over Local Democracies, Fearful

question 31

Multiple Choice

Madison and the Framers preferred __________ over local democracies, fearful that local majorities would infringe on the rights of local minorities.

• A) direct democracy at the national level
• B) a large-scale democracy
• C) a large-scale republic
• D) small-scale town meetings
• E) a small-scale republic

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Definitions:

Bond Certificates

Documents that serve as legal proof of ownership of bonds, detailing the terms of the bond issue such as its maturity date, coupon rate, and issuer.

Market Value

The price that a buyer pays to purchase shares of capital stock in the open market. Of course, for every buyer there is a seller.

Face Value

The nominal or dollar value printed on a security or instrument, such as a bond or currency note.

Contract Rate

The agreed-upon rate specified in a contract for performing services or supplying goods.