Governments Disfavor Bearer Instruments Because

question 352

Multiple Choice

Governments disfavor bearer instruments because:

• A) transactions with bearer instruments are not taxable
• B) transactions with bearer instruments are illegal
• C) law enforcement agencies find it difficult to trace money transferred in bearer form
• D) bearer instruments cannot be used to fund political campaigns
• E) transactions involving bearer instruments are not covered by the UCC

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Definitions:

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, South America, Africa, and Asia.

Consent of the People

Refers to the idea that a government's legitimacy and moral right to use state power is only justified and lawful when consented to by the people or society over which that political power is exercised.

Common Sense

A pamphlet written by Thomas Paine in 1776 advocating for American independence from Britain through plain and persuasive arguments.

Balance of Power

A principle in international relations whereby nations strive to ensure that no single state or alliance becomes disproportionately powerful, aiming to prevent dominance.