Which One of the Following Terms Describes a Situation in Which

question 88

Multiple Choice

Which one of the following terms describes a situation in which the issues that divide the political parties change in a way that cuts across existing political coalitions?

• A) polarization
• B) realignment
• C) party evolution
• D) divided government

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Definitions:

Medium Of Exchange

A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.

Unit Of Account

A standard numerical monetary unit of measurement that provides a uniform measure of the value of goods and services.

Bank Failures

Occurs when a bank is unable to meet its obligations to depositors or creditors and is taken over by a regulatory agency.

New York Federal Reserve

One of the 12 Federal Reserve Banks of the United States, playing a key role in monetary policy, financial supervision and the payments system.