In What Kind of System Must the Winner Gain an Absolute

question 42

Multiple Choice

In what kind of system must the winner gain an absolute majority of the votes (50% plus one) rather than just a plurality?

• A)minority system
• B)majoritarian system
• C)proportional system
• D)single-party system

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Definitions:

Settlement Date

The specific date on which a financial transaction is completed and contractual obligations must be fulfilled.

Payment Due

The amount of money that must be paid by a certain date to avoid incurring late fees or default.

Year End

The end of a fiscal year or accounting period, at which time companies summarize financial activities.

Spot Rate

The current market price used to directly exchange one currency for another, for immediate delivery.