A System in Which Whatever Candidate Wins the Most Votes

question 10

Multiple Choice

A system in which whatever candidate wins the most votes wins the seat is referred to as

• A) winner-take-all.
• B) proportional representation.
• C) libertarian.
• D) Duverger's law.

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Definitions:

Precautionary Cash Balances

Precautionary cash balances refer to money held by both businesses and individuals to meet unexpected expenses or financial emergencies.

Unexpected Expenditures

Expenses that were not planned or budgeted for, often requiring immediate payment.

Risk-Averse

A description of an investor or decision-maker who prefers to minimize uncertainty or potential loss, favoring safer over riskier options.

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, including banks, investment companies, and insurance companies.