Which of the Following Is the Best Definition of a Political

question 11

Multiple Choice

Which of the following is the best definition of a political party?

• A) an organization that seeks to win elections for the purpose of influencing the outputs of government
• B) an organization that seeks to generate a profit from its control of government
• C) a government agency that seeks to control government at local, state, and federal levels
• D) a quasi-government agency that controls the government and minimizes competition of ideas
• E) an organization that seeks to challenge governmental authority through organized protest

---

Definitions:

Nominal Annual Interest Rate

The percentage of interest charged on a loan without adjustment for the effect of compounding or inflation over a period of a year.

Deposits

Funds placed into an account at a banking institution, typically earning interest over time.

Compounds Interest

Refers to the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

Future Value

The value of an investment at a specified date in the future, taking into account factors like interest rates and compounding.