The System of Government That Prevailed in the United States

question 8

Multiple Choice

The system of government that prevailed in the United States from the writing of the Constitution to approximately the Great Depression could be most accurately characterized as __________ federalism.

• A)dual
• B)triple
• C)separation of powers
• D)pancake
• E)marble cake

---

Definitions:

Balance Sheet

This document outlines the resources, debts, and equity of the investors of a business on a certain date.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Inventory

The term for goods and materials that a business holds for the ultimate goal of resale.

Trading Securities

Investments in debt or equity securities that are purchased with the intention of selling them in the short term to profit from price fluctuations.