A Gathering of Delegates Who Nominate a Party's Presidential Candidate

question 19

Multiple Choice

A gathering of delegates who nominate a party's presidential candidate is called a __________.

• A) party convention
• B) electoral convention
• C) caucus convention
• D) caucus election
• E) party election

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Definitions:

Required Reserve Ratio

The minimum percentage of deposits that a bank must hold in reserve and not lend out.

Excess Reserves

Funds that banks hold over and above the required reserve ratio set by the central bank, often earning interest.

Checkable Deposits

Bank accounts from which individuals can deposit and withdraw money using checks, ATM transactions, and electronic payments.

Reserve Requirement

The minimum fraction of customer deposits that each bank must hold as reserves, rather than lending out, as mandated by the central bank.