Which of the Following Statements Concerning the Public Funding of Presidential

question 21

Multiple Choice

Which of the following statements concerning the public funding of presidential campaigns is INCORRECT?

• A) Federal law requires the presidential candidates from the major parties to use public funding during the general election.
• B) Many presidential candidates are opting not to accept public funding in order to be free of any spending restrictions.
• C) Third parties can receive public funding only if they received 5 percent of the vote in the previous presidential election.
• D) Taxpayers may contribute to the public funding of presidential campaigns, at no cost to themselves, on their federal income tax forms.
• E) Candidates who accept matching funds may spend no more than $42 million, including matching funds, in their presidential primary campaigns.

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Definitions:

Illusory

Appearing to be real or possible, but actually being deceptive or unreal.

Adequate Consideration

Something of value exchanged between parties in a contract, which is fairly sufficient and corresponds to the terms and obligations agreed upon.

Arbitration Clause

A contract provision requiring disputes to be resolved by arbitration rather than in court.

Disguised Gift

A transaction or transfer of property where the true intent is to give the item rather than sell it at its full value.