Between Conventions, the Two Parties' Main Governing Bodies Are

question 17

Multiple Choice

Between conventions, the two parties' main governing bodies are:

• A) the national party committees
• B) the congressional campaign committees
• C) the various state party organizations
• D) the president or the majority leader of the U.S. Senate

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Definitions:

Promissory Note

An economic tool comprising a formal pledge by one party to give a specific amount of money to another, redeemable upon request or at a predetermined time.

Discounted

Refers to the reduction of an item's price or the present value of future cash flows discounted back to the present value.

Proceeds

The amount of money brought in from a transaction or sale, before any expenses are deducted.

Compounded Semi-annually

The process of applying interest to both the principal amount and any accumulated interest every six months.