In Constitutional Democracies Politicians Must Win Approval of Veto Players

question 33

Multiple Choice

In constitutional democracies politicians must win approval of veto players to adjust macroeconomic policies to their benefit.Examples of veto players do not include

• A) opposition political parties.
• B) independent domestic government institutions.
• C) sub-national units with influence over economic policy.
• D) state governments in the United States.
• E) foreign government institutions.

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount.

Discount Period

The discount period is the timeframe during which a seller offers a buyer a reduction in the amount owed if payment is made within a specified time.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity, effectively representing a loan made by the buyer to the issuer.

Discount Period

The time frame during which a payment can be made at a reduced price or with a deduction from the usual cost.