At the Time the Constitution Was Written, Virtually All the World's

question 20

Multiple Choice

At the time the Constitution was written, virtually all the world's governments were either

• A) confederal or federal.
• B) federal or unitary.
• C) multifederal systems or federal.
• D) unitary or confederal.
• E) self-government or federal.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and typically dividends that are paid out before those to common stockholders.

Annual Dividend

The total amount of dividend payments a company makes to its shareholders over a single fiscal year.

Return

The income generated on an investment over a particular period of time, expressed as a percentage of the investment's initial cost.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase a stock, bond, commodity, or other asset at a specified price within a specific time period.